{"id":5812,"date":"2025-03-11T04:47:23","date_gmt":"2025-03-11T08:47:23","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=5812"},"modified":"2025-03-11T04:47:23","modified_gmt":"2025-03-11T08:47:23","slug":"sonoco-to-increase-uncoated-recycled-paperboard-prices-in-us-and-canada","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=5812","title":{"rendered":"Sonoco to increase uncoated recycled paperboard prices in US and Canada"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n \n <\/picture>
The price changes are effective from this April. Credit: Piotr Swat via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Sonoco Products Company, a sustainable packaging solutions provider, will implement a price increase of $70 per tonne for all grades of uncoated recycled paperboard (URB) in the US and Canada.<\/p>\n

<\/p>\n

The company stated that the new pricing structure will take effect on shipments commencing from 10 April 2025.<\/p>\n

The price adjustment is due to persistent inflation in input costs and tightening market conditions, according to John Florence, general counsel, secretary, vice-president, and general manager of Sonoco Industrial Paper Packaging North America.<\/p>\n

Furthermore, Sonoco has also decided to raise prices for all its converted paperboard products by at least 8%, effective for shipments made on or after 15 April 2025.<\/p>\n

This price increase applies to paperboard tubes, cores, cones, partitions, protective packaging, and other specialised products.<\/p>\n

Florence said: \u201cSonoco is committed to continuously improving our product offerings and pricing strategies to serve our customers better.<\/p>\n

\u201cAs part of this commitment, we are also realigning to value-based pricing and transitioning away from offering old, corrugated container price mechanisms, which are not true reflections of our overall value and cost to serve customers.<\/p>\n

\u201cThis change more accurately reflects current market conditions and the value of our products and service offerings while ensuring the sustainability of our operations.\u201d<\/p>\n

In December last year, Sonoco acquired European metal packaging company<\/a> Eviosys.<\/p>\n

The acquisition, announced on 24 June 2024 for \u20ac3.6bn ($3.9bn), saw Eviosys integrate into Sonoco\u2019s Consumer Packaging segment, with a brand transition planned shortly after.<\/p>\n

<\/p>\n

<\/p>\n

<\/p>\n

\n