Sonoco SON will
implement a surcharge of 8.6 percent for its nailed wood reels, effective July
1, 2012. The surcharge is necessary to offset the steady increase in lumber
costs experienced over the past two years.
"We have chosen to use a surcharge rather than changing our base price because
we feel lumber costs should soften later this year," said Greg Powell, general
manager, Sonoco Reels. "Our plan will be to adjust the surcharge to reflect
any future decline in lumber pricing. At the same time, should the cost for
lumber continue to increase, our surcharge would be adjusted accordingly."
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