Financial Reports & Markets
Sonoco to raise prices on paperboard tubes and cores
August 13, 2021 By P&PC Staff
Sonoco says it plans to raise its prices for all paperboard tubes and cores by a minimum of eight per cent as of Sept. 10.
The price increase is effective for shipments in Canada and the United States.
The company also recently raised prices on its uncoated recycled paperboard.
“Significant market tightness and additional inflationary cost pressures to our primary raw materials (uncoated recycled paperboard and adhesives) make this increase necessary,” says Doug Schwartz, division vice-president and general manager for North America Tubes and Cores, in a statement.
“Despite these market and supply chain challenges, we remain committed to maintaining the quality and service that our customers have become accustomed to when working with Sonoco.”
Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, plastic film, textile and tape and specialty industries.
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