Sonoco, based in Hartsville, South Carolina, has announced that it will raise the price for all grades of uncoated recycled paperboard (URB) by $50 per ton, effective with shipments in the United States and Canada beginning Feb. 19, 2018.
The company says the increase is a result of rising costs related to freight and energy, among other costs.
“A positive of the robust economy is solid backlogs at our mills,” says Palace Stepps, division vice president of sales and marketing for Sonoco’s U.S. and Canada paper and adhesives. “A challenge that the growing economy presents is inflating input costs such as we are seeing in freight, energy and a host of other papermaking consumables. Sonoco must seek to recover these inflating costs in the market.”
Sonoco is one of the largest producers of URB in the United States and Canada, producing more than 1 million tons annually from 11 mills. Globally, Sonoco has 21,000 employees working in more than 300 facilities in 33 countries.