logo bluSonoco (NYSE:SON) has just announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning July 2, 2018.  

Sonoco cited continuing inflation of input costs, especially freight and papermaking chemicals, and significantly longer backlogs at its mills as the drivers for this pricing action.

Sonoco is one of the largest integrated manufacturers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website, www.sonoco.com, or contact the Company at 1-800-377-2692.

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    About Sonoco
    Founded in 1899, Sonoco (NYSE:SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5 billion, the Company has 21,000 employees working in more than 300 operations in 33 countries, serving some of the world’s best known brands in some 85 nations. Sonoco is committed to Better Packaging. Better Life., and ranked first in the Packaging sector on Fortune’s World’s Most Admired Companies 2018 list. For more information, visit www.sonoco.com.

Published in financial News

Sonoco-Alcore S.a.r.l. has just announced it will again raise prices for paper-based tubes and cores, effective from shipments beginning on 24th July 2017.

IMG 4444"Prices of coreboard continue to rise, driven by fundamental changes in recovered paper markets. As this trend continues, we are forced to keep pace and apply a further increase to our tubes and cores," said Karsten Kemmerling, Director of Sales and Marketing - Tubes and Cores, Europe. "We continue to invest in our operations to generate manufacturing productivity, but this will not cover the significant increase in material costs. The outlook for the second half of this year could well be a further tightening of material availability and inevitably further price increases for our base raw material."

Sonoco Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and four paperboard mills in Europe.

Source: Sonoco Products Company via Globenewswire

Published in European News

Sonoco (NYSE:SON) have just announced it has restated and is implementing a previously announced price increase for all grades of uncoated recycled paperboard (URB) products in the United States and Canada, effective July 10, 2017. 

logo bluThe low yield on the previously announced April URB price increase, along with the impact of rising raw material and other costs, makes it necessary to go back to the market to recover those costs, explained Palace Stepps, division vice president of sales and marketing for Sonoco’s U.S. and Canada paper and adhesives.

“This renewed price increase reflects the recent sharp rebound of recovered paper and other costs which we must recover so we can continue providing high-quality, value-adding products to our customers,” said Stepps. “After spiking in March, recovered paper prices temporarily declined. However, June recovered paper prices significantly increased, and we expect further cost increases in July as demand by domestic and export users remains strong.” 

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. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website (www.sonoco.com) or contact the Company at 1-800-377-2692.

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging 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. For more information on the Company, visit our website at www.sonoco.com.

Published in financial News

Sonoco (NYSE:SON) have just announced it is renewing its previously announced April price increase for all paperboard tubes and cores in the United States and Canada.  

sonoco logo 2014“The yield on our previously announced April price increase has not been sufficient to cover rising costs, in particular rising prices for uncoated recycled paperboard (URB), our primary raw material,” said James Harrell, corporate vice president for Sonoco’s U.S. and Canada Tubes and Cores division. “As a result, it is necessary for us to go back to the market to recover those costs.”  

Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries.  For more information about Sonoco’s complete line of paperboard tubes and cores or to learn more about current pricing, please visit the Company’s website or contact the Company at +800-377-2692.

About Sonoco
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. For more information on the Company, visit our website at www.sonoco.com.

Published in financial News

A Water-Based Barrier Coating That Allows Creation of Recyclable, Repulpable, Compostable Take-Out Containers

Cascades Sonoco, a joint venture of Sonoco Products Company (NYSE:SON) and Cascades Inc. (TSE:CAS) has just announced the investment of approximately $16 million for the expansion of its existing Birmingham, Ala., facility.This investment in world-class water based coating technology will provide coated paper and paperboard substrates using its new FlexShield™, FluteSHIELD® and SurfSHIELD™ coating technology. These coatings, recently introduced to the folding carton and corrugated industries, are revolutionary water-based functional and barrier coatings designed to replace the standard LDPE coating used in take-out container folding carton applications, as well as wax replacement technology for the corrugated industry. They offer solutions that are recyclable, repulpable and compostable.

sonoco logo 2014“This investment represents a significant geographic expansion for water-based products by Cascades Sonoco, especially in the fast-growing Southeastern United States,” said Rodger Fuller, senior vice president of Sonoco’s Paper & Engineered Carriers, U.S. & Canada, and Display & Packaging. With this exciting addition to its product portfolio, Cascades Sonoco remains dedicated to maintain its market leadership position in protective roll packaging for the paper industry.”

“We also wish to acknowledge the support of the Birmingham Business Alliance and all our partners as it influenced our decision to invest in the region,” added Luc Langevin, president and chief operating officer of Cascades Specialty Products Group. “This strategic investment certainly helps Cascades Sonoco expand its product offerings into high-growth consumer-oriented markets.”

Installation of the new equipment and expansion of the existing Birmingham facility will begin early this year, and start-up is expected in the second quarter of 2018.  Once at full capacity, the new water-based coating line will be capable of producing 40,000-50,000 tons of sustainable coated materials annually.

“The Jefferson County Commission is pleased that Cascades Sonoco has decided to invest more than $16 million to expand its operations in our community,” said Jefferson County Commissioner David Carrington. “This long-term commitment in capital and increased employment is a testament to our business climate and workforce.”

About Cascades
Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibers. The Company employs 11,000 employees, who work in close to 90 production units located in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on. Cascades' shares trade on the Toronto Stock Exchange, under the ticker symbol CAS. For more information on the Company, visit our website at www.cascades.com.

About Sonoco
Founded in 1899, Sonoco (NYSE:SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of nearly $4.8 billion, the Company has 20,000 employees working in more than 300 operations in 35 countries, serving some of the world's best known brands in some 85 nations. Sonoco is a proud member of the 2015/2016 Dow Jones Sustainability World Index. For more information on the Company, visit our website at www.sonoco.com.

Published in North American News

Sonoco (NYSE:SON) has just 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.

sonoco logo 2014“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.  For more information about Sonoco’s complete line of products or to learn more about current pricing, please visit the Company’s website or contact the Company at +800-377-2692.

About Sonoco
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. For more information on the Company, visit our website at www.sonoco.com.

Published in North American News

Sonoco (NYSE:SON) has just announced it is implementing a $75 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning April 3, 2017. 

logo blu“The extraordinarily rapid inflation in our input costs, especially for recycled fiber, has made it necessary for Sonoco to seek recovery in the market,” 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 integrated manufacturers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website, www.sonoco.com, or contact the Company at 1-800-377-2692.

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging 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. For more information on the Company, visit our website at www.sonoco.com.

Published in financial News

Sonoco-Alcore S.a.r.l. has just announced it will raise prices by €60 per tonne (£50 / tonne) on all recycled paperboard grades sold in the Company's European regions. The price change is effective with shipments on or after 17th March 2017.

logo blu"This price increase is in response to the constant and unprecedented rise in raw material costs which have occurred since the fourth quarter of 2016.  Such increases are no longer sustainable for us as a business and we are now at the critical point where we need to pass this onto the market," said Phil Woolley, Director - Paper Europe.

Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and four paperboard mills in Europe, including the Company's largest European uncoated recycled paperboard mill in Cirie, Italy.

Source: Sonoco Products Company

Published in financial News

Sonoco (NYSE:SON) has just announced it is implementing price increases for all paperboard tubes and cores in the United States and Canada by a minimum of 8 percent.

sonoco logo 2014Sonoco previously announced a 6 percent to 8 percent price increase on all paperboard tubes and cores in October 2016 and the Company is revising the increase to a minimum of 8 percent, effective with shipments beginning February 13, 2017.

“This price adjustment is necessary to recover continuing cost increases in uncoated recycled paperboard, our primary raw material, combined with higher costs for energy, labor and other input costs,” said James Harrell, corporate vice president for Sonoco’s U.S. and Canada Tubes and Cores Division.

Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries.  For more information about Sonoco’s complete line of paperboard tubes and cores or to learn more about current pricing, please visit the Company’s website or contact the Company at +800-377-2692.

About Sonoco
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 $5.0 billion, the Company has 20,000 employees working in more than 300 facilities in 35 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

Published in American News

Sonoco (NYSE:SON) has just announced it is implementing a $60 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada. 

sonoco logo 2014Sonoco 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. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website (www.sonoco.com) or contact the Company at 1-800-377-2692.

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $5.0 billion, the Company has 20,000 employees working in more than 300 facilities in 34 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

Published in North American News
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