Sonoco to Increase Price for Uncoated Paperboard
Sonoco said that it will increase prices in North America for all uncoated recycled paperboard grades by $40 per ton, effective with shipments on January 21, 2008.
In addition, prices for some specialty grades of paper will be increased above the new general price interval, the company said.
“The cost of recovered paper, our primary raw material, remains near historical highs and we are expecting pricing to increase further as we enter 2008,” said Marty Pignone, vice president - Paper, North America. “In addition, we are continuing to shoulder higher energy and other operating expenses which make it essential that we begin recovering these higher costs.”