Sonoco Implementing Price Increase for all Paperboard Converted Products
18 Dezembro 2023 - 9:00AM
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.
Contact Information: Lisa Weeks
Vice President of Investor Relations & Communications
lisa.weeks@sonoco.com 843-383-7524
About Sonoco Founded in
1899, Sonoco (NYSE:SON) is a global provider of packaging
products. With net sales of approximately $7.3 billion in
2022, the Company has approximately 22,000 employees working in
more than 320 operations around the world, serving some of the
world’s best-known brands. With our corporate purpose
of Better Packaging. Better Life., Sonoco is
committed to creating sustainable products, and a better world, for
our customers, employees and communities. The Company ranked first
in the Packaging sector on Fortune’s World’s Most Admired Companies
for 2022 and was also included in Barron’s 100 Most Sustainable
Companies for the fourth consecutive year. For more information on
the Company, visit our website at www.sonoco.com.
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