ATLANTA, Jan. 17 /PRNewswire-FirstCall/ -- Caraustar Industries, Inc. (NASDAQ:CSAR) announced that it will increase prices on all paperboard-based converted products by 8%, effective with shipments on and after February 18, 2008.
Steven L. Kelchen, vice president, Converted Products Group, stated, "These increases are driven by higher fiber and energy costs, which remain near historic highs and are anticipated to continue to climb. While Caraustar continues to streamline its processes to gain operating and other efficiencies, they alone cannot keep pace with these rising costs." Caraustar, a recycled packaging company, is one of the world's largest integrated manufacturers of converted recycled paperboard. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, please visit the company's website at http://www.caraustar.com/.
CONTACT: Ronald J. Domanico
Senior Vice President and
Chief Financial Officer
(770) 948-3101
DATASOURCE: Caraustar Industries, Inc.
CONTACT: Ronald J. Domanico, Senior Vice President and Chief Financial Officer, Caraustar Industries, Inc., +1-770-948-3101 Web site: http://www.caraustar.com/
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