HARTSVILLE, S.C., May 03, 2021-- Sonoco(NYSE: SON), one of the largest global diversified packaging companies, today announced it is increasing prices for all rigid paper containers and closures sold in North Americaby 9.5 percent, effective with shipments on, and after, June 3, 2021.
“Due to the rising inflationary cost of adhesives, laminate structures, recovered paper and steel, we are experiencing input cost pressures that simply cannot be absorbed,” Haynes said. “These inflationary cost increases have been compounded by the after-effects of Winter Storm Uri on the adhesives industry along with incredible demand in the steel marketplace. While we have taken extraordinary measures to protect our customers from supply chain related disruptions, it has not been without incurring significant material cost increases. As an essential supplier during the COVID-19 global pandemic, our primary focus requires doing everything we can to protect our customers from business related disruptions. Maintaining continuity of supply, regardless of the challenges we continue to face, remains a top priority.”
Founded in 1899,