International Paper Joins Pricing Increase for Containerboard

International Paper joined Georgia Pacific, Pratt, and Longview by announcing a $50/ton (East Coast) and $70/ton (West Coast) containerboard price hike for January. Coy Paper now assumes the other major producers Temple-Inland, Packaging Corp of America , Rock-Tenn, and Greif will follow. The price of containerboard had decreased $70-80/ton since last November 2008.