Sonoco (NYSE:SON) has 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.
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“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.
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