As plywood and lumber prices rise instead of falling off-season, Sonoco (NYSE: SON) will raise surcharges to 13.4% on its nailed wood reels and 8.8% for plywood reels, beginning Jan. 1, 2013.

Sonoco is increasing the price of its plywood reels by 9 percent as a result of its decision to roll the surcharge for reels into base prices.

HARTSELLE, AL -- Sonoco (NYSE: SON) has begun rebuilding its molded wood plug operations, which were lost to a fire last November.