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Sonoco Announces 6% Price Hike for Paperboard Products Amid Rising Costs

Author: Benzinga Newsdesk | December 18, 2023 08:07am

 Sonoco (NYSE:SON) today announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after February 1, 2024.
 

"This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material," said Mike Thompson, Vice President of Sales and Marketing for Sonoco's North American Converted Paper Products Division.

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