An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Sonoco Implementing Price Increase for Uncoated Recycled Paperboard
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Sonoco (SON) Implements $50 Price Increase for Uncoated Recycled Paperboard (URB) in US and Canada
Positive
Sonoco (SON) is taking proactive measures to address increased input costs by implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada.
Negative
None.
HARTSVILLE, S.C., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning February 1, 2024. This price action is necessary to offset increased input costs.
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.
FAQ
Why is Sonoco implementing a price increase for uncoated recycled paperboard (URB) in the US and Canada?
Sonoco is implementing a $50 per ton price increase for URB to offset increased input costs.
When will the price increase for uncoated recycled paperboard (URB) be effective?
The price increase for URB will be effective with shipments beginning February 1, 2024.
What is the contact information for Sonoco's Vice President of Investor Relations & Communications?
You can contact Lisa Weeks, Vice President of Investor Relations & Communications, at lisa.weeks@sonoco.com or 843-383-7524.
