HARTSVILLE, S.C., Jan. 12 /PRNewswire-FirstCall/ -- Sonoco (NYSE: SON)
will increase prices in North America for uncoated recycled paperboard by $30
to $40 per ton, depending on grade, effective with shipments on February 6,
2006, it was announced today by Marty Pignone, vice president - Paper, North
America.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO)
"This increase is necessary to help offset widespread inflation in
virtually all non-OCC (old corrugated containers) raw materials, supply items
and other production cost components. Unfortunately, these increased costs are
not expected to abate in the foreseeable future," said Pignone.
"We also intend to eliminate the recently enacted energy surcharge in
conjunction with this market price change as energy prices appear to have
become more stable. The elimination of the surcharge will reduce
administrative costs and a level of uncertainty for our customers associated
with the month-to-month adjustments," added Pignone.
Sonoco, founded in 1899, is a global manufacturer of industrial and
consumer products and provider of packaging services, with more than 300
operations in 35 countries serving customers in 85 nations. Additional
information about Sonoco is available at http://www.sonoco.com.
SOURCE Sonoco
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Related links:
http://www.sonoco.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Allan V. Cecil, Vice President, Sonoco,
+1-843-383-7524, or allan.cecil@sonoco.com
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