HARTSVILLE, S.C., Jan. 27 /PRNewswire-FirstCall/ -- Sonoco (NYSE: SON)
will increase prices for its paper-based, engineered carriers (tubes and
cores) and related specialty products by 6 percent in the United States and
Canada effective with shipments on or after February 20, 2006, it was
announced today by John Colyer, division vice president and general manager,
Industrial Products - North America.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO)
"Price increases and energy surcharges implemented by producers of
uncoated, recycled paperboard during the fourth quarter of 2005 and into 2006
continue to negatively impact our manufacturing cost structure. Additionally,
our converting operations have been forced to absorb widespread inflation in
virtually all production cost components, including adhesives, packaging,
production supply items, utilities and employee related costs. Our aggressive
and ongoing productivity improvements have been unable to fully offset these
cost increases," said Colyer.
Sonoco, founded in 1899, is a $3.2 billion manufacturer of industrial and
consumer packaging products and provider of packaging services, with more than
300 locations 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:
NewsCom:
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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