Sonoco to increase tube and core prices

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 8 percent.

Sonoco previously announced a 6 percent to 8 percent price increase on all paperboard tubes and cores in October 2016 and the company is revising the increase to a minimum of 8 percent, effective with shipments beginning Feb. 13, 2017.

The company says higher costs associated with uncoated recycled paperboard production has made the price hike necessary. 

“This price adjustment is necessary to recover continuing cost increases in uncoated recycled paperboard, our primary raw material, combined with higher costs for energy, labor and other input costs,” 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.