Nine containerboard makers accused of price fixing
Nine containerboard makers have been accused of conspiring to fix the price of materials used to make cardboard boxes.
The companies named in the suit are:
- International Paper
- Packaging Corp. of America
- Norampac Industries Inc.
- Cascades Inc.
- Domtar Corp.
- Weyerhaeuser Co.
- Georgia Pacific LLC
- Temple-Inland Inc.
- Smurfit-Stone Container Corp.
These companies together supply 83% of the containerboard market. The suit has been initiated by Kleen Products LLC.
Kleen Products said in their complaint that containerboard price increases from August 2005 until now outpaced cost increases by more than 50 percent, and the companies were “nearly simultaneous” in raising prices.
International Paper Among Containerboard Makers Named in Price-Fixing Suit (Bloomberg)