December 11, 2020 By P&PC Staff
Sonoco will increase prices for all rigid paper containers and closures sold in North America by five per cent, effective with shipments as of January 15, 2021.
Ernest Haynes, division vice-president and general manager, rigid paper and closures, North America, says the price increase is necessary to recover costs for raw materials used to produce rigid paper containers.
“Due to the rising cost of both steel and recovered paper, we are experiencing input cost pressures that simply cannot be absorbed,” Haynes says.
“Our operational cost increases have been compounded by the ongoing COVID-19 pandemic as it impacts labour, the build-up of inventory and associated carrying costs, which is all connected to ensuring the continuity of supply for our customers.”
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