PaperWorks Industries to Hike Price for Coated and Uncoated Recycled Paperboard

July 25, 2011 - PaperWorks Industries said that it will increase prices on all grades of coated and uncoated recycled paperboard by $40 per ton.

The new pricing will apply to the company's entire MasterWorks product line and affect all North American customers with shipments as of August 22, 2011.

PaperWorks said the price hike is the result of ongoing higher recovered paper, energy, chemical, freight and other costs.

The company also anticipates increasing all lightweight and specialty grade up-charges, which will impact the MasterWorks Blister, Freeze, Lite and Bev product lines.

PaperWorks customers can expect a review of upcoming changes with their account managers in the coming weeks, noted Mark P. Roy, Senior Vice President of Sales & Marketing.

Roy added that PaperWorks is working to minimize these price increases with ongoing cost savings initiatives.

Founded in 2008, PaperWorks Industries, Inc. is a leading North American integrated fullservice packaging provider. The company’s Packaging Group is considered a leading innovator in the production of specialized folding cartons, serving clients of all sizes across North America from 11 facilities. Its Paperboard Group manufactures approximately 300,000 tons of 100% recycled paperboard every year for a variety of end uses, and further specializes in the cutting and distribution of all paper types according to specific customer needs.

PaperWorks Industries is headquartered in Philadelphia, PA. It is home to over 1850 employees across 18 North American locations with annual sales in excess of US$600 million.

SOURCE: PaperWorks Industries, Inc.