Sonoco to Increase Price for Tubes and Cores
Jan. 15, 2008 - Sonoco said it will increase prices for its paper-based tubes and cores and related specialty products by 8 percent in the U.S. and Canada, effective with shipments on or after February 15, 2008.
“We are experiencing a prolonged period of unprecedented raw material and energy inflation,” said John Colyer, Sonoco’s division vice president and general manager, IPD-North America. “While we have taken action to reduce our costs and minimize the impact on our customers, we have not been able to keep up with these inflationary pressures and must take steps to recover our costs. We are continuing to closely monitor the paperboard market and will make additional pricing moves as required.”