Sonoco Announces Price Increase for Paperboard Tubes and Cores

Feb. 4, 2021 - Sonoco on Feb. 3 announced it will increase the price for all paperboard tubes and cores by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after March 1, 2021.

"This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material. URB demand remains very strong, and the supply in the marketplace is extremely tight," said Mike Thompson, Director of Sales and Marketing for Sonoco’s North America Tubes and Cores Division.

Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries.

Founded in 1899, Sonoco (NYSE: SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. Globally, Sonoco operates 19 paper mills with a total annual capacity of 1.7 million tons. To learn more, visit: www.sonoco.com.

SOURCE: Sonoco