Sonoco to implement $50-a-ton price increase on all grades of uncoated recycled paperboard in the U.S. starting Feb. 1
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Sonoco Products Co. said Wednesday it's implementing a $50 per ton price increase for all grades of uncoated recycled paperboard in the U.S. Canada, effective with shipments beginning Feb. 1, 2024. "This price action is necessary to offset increased input costs," the Hartsville, S.C.-based packaging company said in a short statement. The stock (SON) has fallen 11% in the year to date, while the S&P 500 has gained 21%.
-Ciara Linnane
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12-13-23 0715ET
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