Sonoco implementing price increases for all rigid paperboard containers in North America
March 20, 2017
Sonoco (NYSE:SON) announced it is implementing price increases for all round composite cans and shaped rigid paperboard containers in North America by a minimum of 5 percent. The increase is effective with shipments beginning April 15, 2017.
“This price adjustment is necessary to recover continuing cost inflation, particularly in uncoated recycled paperboard, a primary raw material,” said Jeff Tomaszewski, vice president and general manager for Sonoco’s Rigid Paper and Closures North America Division.
Sonoco is the largest producer of rigid paper-based round and shaped containers globally.
About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and display and packaging supply chain services.
