Sonoco Implementing $50/ton Price Increase for Corrugating Medium
Oct. 8, 2020 - Sonoco [on Oct. 7] announced it is implementing a $50/ton (USD/ST) increase on all domestic and export corrugating medium grades shipping from its Hartsville, South Carolina paper mill. The prices are effective with shipments on and after November 2, 2020. According to Tim Davis, division vice president and general manager, Paper and Adhesives, U.S./Canada, Sonoco is responding to changes in market demand and extended order backlogs, in line with other North American containerboard producers. 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. To learn more, please visit: www.sonoco.com. SOURCE: Sonoco |