Sonoco Announces Price Increase for All Paperboard Tubes and Cores

HARTSVILLE, S.C., Feb. 21, 2014 /PRNewswire/ -- Sonoco (NYSE: SON) today announced that it will raise the price for all paperboard tubes and cores by five to eight percent, effective with shipments in the United States and Canada beginning March 24, 2014.

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"This price increase is necessary to recover inflationary inputs impacting our converting costs, including chemicals, freight and energy, and recently announced paperboard price increases," said James Harrell, vice president, Tubes and Cores-North America.

Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textiles, plastic films and tape and specialty industries. For more information about Sonoco's complete line of paperboard tubes and cores or to learn more about current pricing, please visit the Company's website or contact the Company at +800-377-2692.

About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and display and packaging services. With annualized net sales of approximately $4.9 billion, the Company has 19,900 employees working in more 335 facilities in 33 countries, serving many of the world's best known brands in some 85 nations. Sonoco is a proud member of the 2013/2014 Dow Jones Sustainability World Index. For more information on the Company, visit our website at www.sonoco.com.

SOURCE Sonoco