International Paper Says It’s Confident of Price Gain Acceptance

International Paper Co. (IP), the world’s largest maker of cardboard shipping containers, said it’s confident a $50-a-ton increase in U.S. containerboard and box prices will be accepted by buyers.

“Operating rates are high, inventories are low, export demand is fairly solid, the supply side of the containerboard market is fairly tight,” Chief Executive Officer John Faraci said today in a telephone interview. “Prices have been stable for two years.”

The Memphis, Tennessee-based company plans to raise containerboard prices effective Aug. 1 and boost cardboard-box prices in September.

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.