Sonoco Nailed Wood and Plywood Reels See Surcharge

By Bill Esler | Posted: 12/17/2012 10:52PM

 

  Sonoco wood reels, nailed plywood reels HARTSVILLE, SC - Sonoco (NYSE: SON) says increased lumber and plywood costs are leading it  to raise surcharges to 13.4% on its nailed wood reels and 8.8% for plywood reels, beginning Jan. 1, 2013. 

"Lumber and plywood pricing continue to rise against traditional downward trends normally seen in the late fall and winter," said Greg Powell, general manager, Sonoco Reels, in announcing the hike. Powell said lumber prices have increased for six consecutive weeks, reaching a new high. Plywood pricing has continued to rise due to tightening supply and improving demand as housing recovers.

"As a result, we must adjust our reel surcharges accordingly," Powell said. Sonoco Reel last raised prices in June.

Sonoco Reels made from nailed wood, plywood, poly-fibers, molded plastic and steel materials. are used by the wire and cable industry to serve the power transmission and distribution; telecommunications; commercial and industrial building; oil and gas; mining and marine industries.

 

About the Author

Bill Esler, Woodworking Network, WMS

Bill Esler

Bill Esler, Editorial Director, Woodworking Network Bill is responsible for overall content at WoodworkingNetwork.com Woodworking Network magazine, and related newsletters. Bill also manages event programs for Woodworking Network Live conferences at the Woodworking Machinery & Supplies Expo in Toronto and Cabinets & Closets Expo. He developing audience engagement programs using custom digital printing, live lead-generating events, custom websites, and custom digital and print content. Read Bill Esler's woodworking blogs. He can be reached at besler@woodworkingnetwork.com or follow him on Google+.

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