Sonoco to Hike Price for Uncoated Recycled Paperboard

June 24, 2013 - Sonoco on Friday announced that it will raise the price for all grades of uncoated recycled paperboard (URB) products by $40 per ton, effective with shipments in the United States and Canada beginning July 8, 2013.

"Unfortunately, the price increase is necessary to recover rising recovered paper and other raw materials costs," said Marty Pignone, vice president, Primary Materials Group, North America.

"The posted price for old corrugated containers (OCC) in the Southeast U.S. has risen approximately 60 percent since September 2012 and OCC being sold in the market today is running above the posted price of $120 per ton. In addition, demand for all grades for URB products is strong," Pignone said.

SOURCE: Sonoco