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Sonoco Raising Prices on All Paperboard Tubes, Cores

Sonoco, Hartsville, S.C., USA, reports that it will raise the price for all paperboard tubes and cores by 5%. The increase becomes effective with shipments in the U.S. and Canada beginning July 15.

"This price increase is necessary to recover recently announced paperboard price increases," said James Harrell, VP, Tubes and Cores—North America.

Sonoco is the largest producer of paper-based tubes and cores in North America used to serve the paper, textiles, plastic films, and tape and specialty industries. The company is a global provider of a variety of consumer packaging, industrial products, protective packaging, and packaging supply chain services. It has annualized net sales of approximately $4.8 billion, and has 19,900 employees working in 348 facilities in 35 countries.