Sonoco Announces Price Increase for All Uncoated Recycled Paperboard Products
HARTSVILLE, S.C., Jan. 14, 2013 /PRNewswire/ -- Sonoco (NYSE: SON) today announced that it will raise the price for all grades of uncoated recycled paperboard (URB) products by $25 per ton, effective for shipments in the United States and Canada beginning Feb. 11, 2013.
"This price increase is necessary to recover continued inflationary pressure from non-fiber-related costs, including chemicals, energy, freight, repair materials, labor and other expenses," said Marty Pignone, vice president, Primary Materials Group, North America.
Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than 1 million tons annually from 13 mills. For more information about Sonoco's complete line of URB paper products or to learn more about current pricing, please visit the Company's website or contact the Company at +800-377-2692.
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $4.5 billion, the Company has 19,600 employees working in more than 340 facilities in 34 countries, serving some of the world's best known brands in some 85 nations. Sonoco is a proud member of the 2012/2013 Dow Jones Sustainability World Index. For more information on the Company, visit our website at www.sonoco.com.