Sonoco Announces Price Increase for All Uncoated Recycled Paperboard Products
(USA, Sept. 15, 2016) Sonoco today announced that it will raise the price for all grades of uncoated recycled paperboard (URB) products by $40 to $60 per ton depending on grade, effective with shipments in the United States and Canada, beginning October 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,” said 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,” Stepps added.
Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills.
To learn more, please visit: www.sonoco.com (Source: Sonoco)