ATLANTA, June 16, 2017 /PRNewswire/ -- Caraustar Industries, Inc. today announced the continuation of the previously announced price increases on all uncoated recycled paperboard (URB) and coated recycled paperboard (CRB) grades.
"The announced price increases of our URB and CRB grades in March were in response to the increases in fiber costs that Caraustar had been absorbing," stated Mark Butryn, Vice President of Sales for the Caraustar Mill Group.
Implementation resulted in low realization due to a temporary drop in recycled fiber costs. However, after a brief decline, the costs of recycled fiber rebounded and are forecasted to continue to increase in the upcoming months. Butryn reiterated, "Caraustar cannot continue to absorb the increases in recycled fiber and other raw materials costs. We must complete implementation of the previously announced price increases on our URB and CRB grades to recover those costs."
About Caraustar Industries: Caraustar Industries, Inc. is one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, please visit the company's website at www.caraustar.com.
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SOURCE Caraustar Industries, Inc.