Sonoco Products Company announced it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada. This change will be effective with shipments beginning April 10, 2025.
The company also stated it will increase prices for all converted paperboard products by a minimum of 8%, effective with shipments on and after April 15, 2025. These products include paperboard tubes, cores, cones, partitions, protective packaging, and other specialty items.
John Florence, General Counsel and Vice President of Industrial Paper Packaging North America, attributed these price adjustments to continued inflation in input costs and tightening market conditions. Sonoco is also transitioning to value-based pricing, moving away from old corrugated container price mechanisms to better reflect overall value and cost to serve customers.
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