Sonoco to increase prices for rigid paper containers

Sonoco, Hartsville, South Carolina, has announced that it will raise the price for its rigid paper containers, including all composite cans and corresponding metal ends, by 4 percent in the United States and Canada, effective with shipments beginning Aug. 1, 2018. 

Sonoco cited the Trump administration’s recent tariffs on steel and aluminum as well as strong regional demand for the price hike.

“Sonoco’s global sourcing power and commitment to supply security have allowed us to effectively mitigate historic inflationary pressures,” says Robin Gordon, division vice president of sales for Sonoco’s U.S. and Canada composite cans and metal ends. “However, the recent trade announcements assigning tariffs on the steel and aluminum supply, along with strong regional demand, have placed unprecedented stress on our suppliers’ feedstocks and corresponding input costs. While we will continue to monitor the domestic and global sourcing landscape to find ways to mitigate inflation, we do need to recover our current cost exposure. We will continue to work with our suppliers to ensure supply security and find ways to bring input costs down over the coming months.”

Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services.