Sonoco To Raise Prices On Paperboard Tubes, Cores
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month March 2022
Hartsfield, South Carolina base Sonoco confirmed it will raise the price for all paperboard tubes and cores by a minimum of six percent, effective with shipments in the United States and Canada on or after June 10, 2022. “Ongoing market tightness and additional inflationary cost pressures from rising paperboard prices, our primary raw material, along with higher labor rates, make this in- crease necessary,” said Doug Schwartz, Division Vice Presi- dent and General Manager, North America Tubes and Cores. IP Declares Dividend Memphis, Tennessee based International Paper (IP) re- cently declared a quarterly dividend of $0.4625 per share for the period from April 1, 2022, to June 30, 2022, inclu- sive, on the common stock, par value $1.00. This dividend is payable on June 15, 2022, to holders of record at the close of business on May 27, 2022. The company also de- clared a regular quarterly dividend of $1.00 per share for the period from April 1, 2022, to June 30, 2022, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on June 15, 2022, to holders of record at the close of business on May 27, 2022.
Year
Actual
Percent Change Avg Week Percent Change
2022 2021
37.675 37.992
-0.8
8.190 8.259
-0.8
Industry Total
Year-to Date
March 2022
Year
Actual
Percent Change Avg Week Percent Change
2022 2021
102.648 102.938
-0.3
8.019 8.170
-1.8
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2022 2021
3.1027 3.0967
0.2
8.4866 8.4625
0.3
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Mar. Feb.
2.2693 2.3081
-1.7
3.4 3.5
-2.9
Shipping Days
Year
Month
Year-to-Date
2022 2021
23 23
64 63
SOURCE: Fibre Box Association
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May 23, 2022
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