Sonoco announced implementation of price increases for all round composite cans and shaped rigid paperboard containers in North America by a minimum of 5%. The increase is effective with shipments beginning April 15, 2017.
Jeff Tomaszewski, VP and general manager for Sonoco’s Rigid Paper and Closures North America Division, commented:
“This price adjustment is necessary to recover continuing cost inflation, particularly in uncoated recycled paperboard, a primary raw material.”
Sonoco is the largest producer of rigid paper-based round and shaped containers globally.
Earlier Sonoco-Alcore S.a.r.l. announced an increase of prices for paper-based tubes and cores by up to 8.5%, depending on product category, effective from shipments beginning on April 15, 2017.
The company is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately USD 5.0 billion, it has 20,800 employees working in more than 300 facilities in 35 countries. Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than 1 million tons annually from 11 mills.