Sonoco Announces Price Increase for Paperboard Tubes and Cores

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.
https://investor.sonoco.com/news-releases/news-release-details/sonoco-announces-price-increase-paperboard-tubes-and-cores-7

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