Packaging Provider Sonoco Ups Prices 6%

Sonoco Protective Solutions will be increasing prices on its EPS molded foam products by an additional 6%, effective Aug. 1, 2014.

"Raw material manufacturers of expanded polystyrene materials are continuing to experience extremely high demand while supply has been reduced by a number of unplanned industry disruptions, resulting in additional increases in resin bead production," said Vicki Arthur, vice president, Sonoco Protective Solutions. "We continue to work diligently to control input costs through ongoing manufacturing and procurement productivity initiatives. These efforts have helped mitigate some rising costs; however we will still need to increase prices on all EPS foam products."