Sonoco Implementing Price Increase for Uncoated Recycled Paperboard in Europe
March 25 2024 - 3:07PM
Sonoco (NYSE: SON) today announced it is implementing a €60 per
ton, £50 for UK market, price increase for all grades of uncoated
recycled paperboard (URB) sold in Europe effective for deliveries
after 15th April 2024.
“This price adjustment has become necessary to
offset the higher input cost caused by general inflation and the
current challenging economic climate,” said Nikolaj Thybo, Vice
President Sales & Marketing Paper Europe. “We will continue to
monitor the situation closely and take all action needed to support
our customer base here in Europe.”
Contact Information: Lisa Weeks
Vice President of Investor Relations & Communications
lisa.weeks@sonoco.com 843-383-7524
About Sonoco With net
sales of approximately $6.8 billion in 2023, the Company has
approximately 23,000 employees working in more than 300 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. Sonoco was
named one of America's Most Responsible Companies by Newsweek. For
more information on the Company, visit our website at
sonoco.com.
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