HARTSVILLE, S.C., April 15, 2020 (GLOBE NEWSWIRE) — Sonoco (NYSE: SON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning May 13, 2020.
According to Tim Davis, division vice president and general manager, Paper and Adhesives, U.S./Canada, it has been nearly two years since Sonoco’s last URB market price increase, and since that time the Company has experienced inflation on input costs such as starch and other papermaking chemicals, labor and fringes, repair costs and repair materials, and most recently significant increases in recycled fiber costs.Contact:Roger Schrum
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