Nip Impressions logo
Wed, May 27, 2020 11:34
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Sonoco increases costs for rigid paper products in North America

HARTSVILLE, S.C. (News release) -- Sonoco announced it is increasing prices for all rigid paper containers and closures sold in North America by a minimum of 5.5 percent, effective with shipments on, and after, June 8, 2020.

According to Ernest Haynes, Division Vice President and General Manager, Rigid Paper and Closures, North America, this price increase is necessary to recover rapidly rising costs for recycled paperboard, which is a primary raw material used to produce rigid paper containers.

"Due to swift and dramatic increases in the cost of recovered paper, we are experiencing input cost pressures that we are simply unable to absorb," Haynes said. "Our input and operational cost increases have been compounded by the COVID-19 pandemic as it also impacts labor, the build-up of inventory and the associated carrying costs, all connected with ensuring continuity of supply for our customers. As an essential supplier during these unprecedented times, our primary focus, as is always the case, entails doing everything we can to make sure our customers have what they need to support their customers. We take our responsibility seriously and have embraced extraordinary measures to ensure we are in a position to maintain continuity of supply to meet our customers' critical needs."

Sonoco is one of the largest producers of rigid paper containers and closures in North America. For more information about Sonoco's portfolio of rigid paper containers and closures, or to learn more about current pricing, please visit the Company's website at www.sonoco.com, or contact the Company at 1-800-377-2692.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: