As previously announced, the Pulp and Paper industry has increased prices on liner board, the raw material for corrugated products, between $40 and $50 per ton.
Ultimately, this results in an increase to Knox Box material prices of between 10-12%.
The Knox Box team has been working diligently the past few weeks to minimize the impact of this price increase to our customers.
Beginning with deliveries made on December 1st a price increase of 9.0% will be in effect from your previous item prices.
It is worth mentioning that paper markets have been relatively stable for several years (the last raw material increase was in May 2013), and Knox Box has been able to maintain many customer quotes for multiple years even with increasing labor, insurance and other costs incurred.
All existing quotes and price levels will be honored for any deliveries made through November.
If you have any questions, please do not hesitate to contact me or your Knox Box representative.