Sonoco Announces Cardboard Price Hikes
On Friday, leading national cardboard box maker Sonocoannounced that, due to an increase in paperboard prices "and other inflationary inputs impacting our converting cost," it is implementing a 4% across-the-board increase in the prices it charges on paperboard tubes and cores, effective February 18.
Paperboard -- or, as it's more colloquially termed, cardboard -- "tubes and cores" refer to the cylindrical innards around which you find such everyday items as gift wrapping paper, masking tape, paper towels, and toilet paper. As such, Sonoco's action promises to contribute to inflation in the cost of many common household consumer goods this year.
The article Sonoco Announces Cardboard Price Hikes originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.