Sonoco Implementing Price Increase for All Rigid Paper Containers

Sonoco announced it is implementing a 4% price increase for all composite cans and corresponding metal ends in the US and Canada, effective with shipments beginning A. 1, 2018. 
 
“Sonoco’s global sourcing power and commitment to supply security have allowed us to effectively mitigate historic inflationary pressures,” said Robin Gordon, division VP 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.”