Graphic Packaging increases prices for coated unbleached kraft paperboard
Oct 16, 2008. /Lesprom.com/. The Company will increase prices for its Pearl-Kote® and Omni-Kote® coated folding carton grades used for food packaging by $40 per ton, and for its Aqua-Kote® carrier grade used for beverage carriers by $50 per ton.
Oct 16, 2008. /Lesprom.com/. Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company, today announced that it will increase prices for coated unbleached kraft paperboard, effective with shipments on or after November 1, 2008. The Company will increase prices for its Pearl-Kote® and Omni-Kote® coated folding carton grades used for food packaging by $40 per ton, and for its Aqua-Kote® carrier grade used for beverage carriers by $50 per ton.
"Given the volatile costs for essential inputs like fiber, energy and chemicals in our manufacturing, we are taking action to continue to manage these uncertainties and provide innovative paperboard packaging to our customers under the current market dynamics, while also providing positive returns to our shareholders,” said David W. Scheible, President and Chief Executive Officer.
Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company, headquartered in Marietta, Georgia, is a leading provider of packaging solutions for a wide variety of products to food, beverage and other consumer products companies. The Company is one of the largest producers of folding cartons and holds a leading market position in coated-recycled boxboard and specialty bag packaging. The Company's customers include some of the most widely recognized companies in the world.