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PHILADELPHIA, PA, USA, Feb 21, 2013 – PaperWorks Industries, Inc. today announced price increases that will be coming into effect with shipments as of March 25, 2013, for all MasterWorks grades of coated recycled boxboard by $40 per ton, and for MasterWorks URB+ uncoated recycled boxboard by $25 per ton. This price increase is necessary to recover escalating costs including raw materials, energy, chemicals, transportation, benefits and other expenses.

PWI will continue to minimize these increases with ongoing cost savings initiatives as well as provide leading quality, excellent availability and service for all their paperboard products.

Customers are encouraged to contact their account manager, customer service representative or Jerry Tassone, if they have any questions regarding this increase.

Founded in 2008, PaperWorks Industries, Inc. is a leading North American integrated fullservice
packaging provider. The company’s Packaging Group is considered a leading innovator in the production of specialized folding cartons, serving clients of all sizes across North America from 10 facilities. Its Paperboard Group manufactures approximately 300,000 tons of 100% recycled paperboard every year for a variety of end uses, and further specializes in the cutting and distribution of all paper types according to specific customer needs. PaperWorks Industries is headquartered in Philadelphia, PA. It is home to over 1600 employees across 17 North American locations with annual sales in excess of US$600 million.
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