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Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today announced a 10 percent price increase on the plastic cartridges and plungers it supplies into the adhesives and sealants marketplace. The increase went into effect Aug. 15.
“The adjustment in price is a direct reflection of the escalating costs in resins, energy, freight and converting,” said Bob Puechl, division vice president and general manager – Rigid Plastics.
About Sonoco
Founded in 1899, Sonoco is a $4.0 billion global manufacturer of industrial and consumer products and provider of packaging services, with 334 operations in 35 countries, serving customers in some 85 nations.
http://www.sonoco.com/.
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