May 4, 2022 By P&PC Staff
Sonoco recently today announced that it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB). The price increase is applicable in Canada and the United States. It will come into effect for shipments beginning May 30 this year.
The company said in a statement that the price change reflects continued tight market conditions and inflationary pressures on manufacturing costs, including energy, freight, chemicals, packaging materials and labour.
“Unfortunately, the conditions that challenged us in 2021 have not dissipated in 2022. We continue to be challenged by strong demand, increasing backlogs and inflating costs,” said Tim Davis, division vice-president and general manager for Paper – U.S. and Canada.
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