Sonoco 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.
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.
With annualized net sales of approximately $4.8 billion, the Company has 20,000 employees working in more than 300 facilities in 33 countries, serving many of the world’s best known brands in some 85 nations.