Sonoco announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after July 10th, 2024. This includes tubes, cores, cones and protective packaging.
“This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material, plus other inflationary costs,” said Mike Thompson, Vice President of Sales and Marketing for Sonoco’s North American Converted Paper Products Division.
With net sales of approximately $6.8 billion in 2023, Sonoco has approximately 22,000 employees working in more than 300 operations around the world, serving some of the world’s best-known brands.