HARTSVILLE, S.C., December 20 /CNW/ - Sonoco (NYSE: SON) will increase
prices in North America for all uncoated recycled paperboard grades by $40 per
ton effective with shipments on January 21, 2008, according to Marty Pignone,
vice president - Paper, North America. In addition, prices for some specialty
grades of paper will be increased above the new general price interval.
"The cost of recovered paper, our primary raw material, remains near
historical highs and we are expecting pricing to increase further as we enter
2008," said Pignone. "In addition, we are continuing to shoulder higher energy
and other operating expenses which make it essential that we begin recovering
these higher costs."
Founded in 1899, Sonoco is a $3.7 billion global manufacturer of
industrial and consumer products and provider of packaging services, with more
than 330 operations in 35 countries, serving customers in some 85 nations. For
more information on the Company, visit our Web site at http://www.sonoco.com/.
For further information:
For further information: Sonoco Roger Schrum, 843-339-6018