Sonoco to increase prices for recycled board products

The paper company Sonoco, Hartsville, South Carolina, has announced plans to raise the price for all grades of uncoated recycled paperboard products by $40 to $60 per ton, depending on grade, effective with shipments in the United States and Canada beginning Oct. 3, 2016.

“It is critically important in a mature business, such as our paper business, to run our operations efficiently and provide a return that justifies continued investment,” says Palace Stepps, director of sales and marketing for Sonoco’s North America paper business. “The increase is necessary to capture generally higher operating costs so we can continue providing high-quality, value-adding products to our customers.”

Sonoco, which operates 11 paper mills, produces more than 1 million tons of finished product per year.