Sonoco Announces Price Increase for Paperboard Tubes and Cores
May 09 2022 - 9:00AM
Sonoco (NYSE: SON) today announced it will raise 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 June 10,
2022.
“Ongoing market tightness and additional
inflationary cost pressures from rising paperboard prices, our
primary raw material, along with higher labor rates, make this
increase necessary,” said Doug Schwartz, Division Vice President
and General Manager, North America Tubes and Cores. “Despite these
supply chain pressures, we remain committed to maintaining the
quality and service that our customers are accustomed.”
Sonoco is the largest producer of paper-based
tubes and cores in North America, which are used to serve the
paper, plastic film, textile, tape and specialty markets. For more
information about Sonoco’s complete line of paperboard tubes and
cores or to learn more about current pricing, please visit the
Company’s website www.sonoco.com or contact the Company at
800-377-2692.
About Sonoco Founded in 1899,
Sonoco (NYSE: SON) is a global provider of consumer, industrial,
healthcare and protective packaging. With net sales of $5.6 billion
in 2021, the Company has 22,000 employees working in approximately
300 operations in 32 countries, serving some of the world’s
best-known brands in some 85 nations. Sonoco is committed to
creating sustainable products, services and programs for our
customers, employees and communities that support our corporate
purpose of Better Packaging. Better Life. The Company ranked first
in the Packaging sector on Fortune’s World’s Most Admired Companies
for 2022 as well as being included in Barron’s 100 Most Sustainable
Companies for the third consecutive year. For more information,
visit www.sonoco.com.
Contact:
Roger Schrum
+843-339-6018
roger.schrum@sonoco.com
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