AICC: $50 increase faces stiff member resistance; Greif in 'set-aside' deal

摘要

The Assn of Independent Corrugated Converters (AICC) said today that it opposes this month's $50/ton containerboard price increase in the USA while also striking down trade press reports that the increase would encounter 'low resistance.' 'AICC believes the current increase attempt to be poorly timed in a weak economy and unjustified due to the lack of cost drivers on the mill side. This increase imposed by the integrated companies would further erode margins as independents get caught in the cost-price squeeze between higher material costs and a very competitive box market. The Association therefore opposes this attempted increase,' said the statement.