Business

Graphic Packaging International is to increase the price of its recycled boards to combat the soaring cost of fibre, energy and chemicals.

The US firm, which has a UK base in Bristol and operations in Brazil, France and Spain, will increase the price of its coated recycled board and uncoated recycled board by $50 (£25) a ton.

The rise will come into effect on 28 July and Graphic Packaging has also announced new freight allowances.

The move follows rises announced for the firm's Pearl-Kote and Omni-Kote coated unbleached kraft paperboard, used in food packaging and Aqua-Kote for drinks carriers, by $40 a ton, which come into force on 1 August.

Graphic Packaging, based in Georgia, produces folding cartons and coated-recycled boxboard and speciality bag packaging.