Sonoco announced it is implementing a $60 per ton price increase for all grades of uncoated recycled paperboard (URB) in the US and Canada.
Sonoco previously announced a URB price increase of $40 to $60 per ton in October 2016, and the Company is revising the increase for all grades to $60 per ton, effective with shipments beginning February 6, 2017.
“This increase is necessary to capture higher recycled fiber and other costs so we can continue providing high-quality, value-adding products to our customers,” said Palace Stepps, division vice president of sales and marketing for Sonoco’s U.S. and Canada paper and adhesives.
Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills.
