TAPPI Over The Wire Paper 360
Past Issues | Printer Friendly | TAPPI.org | Advertise | Buyers Guide | Travels with Larry Archive FacebookTwitterLinkedIn
       

Sonoco Announces First Wooden Plugs Price Increase in Six Years

Print Print this Article | Send to Colleague


The Reels Division of Sonoco, Hartsville, S.C., USA, this week announced it is implementing a general price increase for both new and recycled molded wooden plugs in the U.S. and Canada. Sonoco has not increased prices for its plug products since 2011. The price increase is expected to be in the range of 6%-8%.

"This increase is necessary to capture inflationary pressure that has entered the market over the past six years across a range of operational and material inputs, including energy, corrugated medium, transportation costs, and raw materials," said Dave Winebarger, division VP and GM for Sonoco’s U.S. and Canada reels and plugs operations. "Recovering these rising costs will allow us to continue providing high-quality, value-adding products to our customers."

Sonoco is North America’s leading producer of molded wooden plugs and wood, steel, recycled, and composite reels used for a wide range of industrial applications. More information about Sonoco’s complete line of reels, spools, and plugs, or information on current pricing, is available online, or contact the company at 1-800-377-2692.

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. 

 

Back to TAPPI: Over The Wire

Share Share on Facebook Share on Twitter Share on LinkedIn