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 8 percent. The increase is effective with shipments beginning March 1, 2018.

Sonoco most recently announced its plan to increase prices 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 URB price hike contributed to the increase in tube and core prices.

“This price increase is necessary due to the recent increases in uncoated recycled paperboard (URB), the largest input cost for tubes and cores,” says Doug Schwartz, division vice president of sales and marketing. “Furthermore, other inflationary pressures from rising adhesives, packaging, energy, labor and transportation costs underscore the need for this market-based increase.”

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