Sonoco to increase tube and core prices

Sonoco to increase tube and core prices

Minimum 10 percent price hike will go into effect with shipments beginning April 10, 2017.

March 14, 2017
Recycling Today Staff
Paper
The paper company Sonoco, headquartered in Hartsville, South Carolina, has announced it is implementing price increases for all paperboard tubes and cores in the United States and Canada by a minimum of 10 percent. The increase is effective with shipments beginning April 10, 2017.

Sonoco previously announced a minimum 8 percent price increase on all paperboard tubes and cores, effective with shipments beginning Feb. 13, 2017.

“This price adjustment is necessary to recover continuing cost inflation, particularly in uncoated recycled paperboard, our primary raw material,” says James Harrell, corporate vice president for Sonoco’s U.S. and Canada Tubes and Cores Division.

Sonoco says it is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries. Founded in 1899, the company is a global provider of a variety of consumer packaging, industrial products, protective packaging and display and packaging supply chain services.