Sonoco up on raising prices of uncoated recycled paperboard

Sonoco Products

13/12/2023 16:11

** Shares of packaging products supplier Sonoco  SON.N  rise
3% to $55.44
    ** Company says it is implementing a $50/ton price increase
for all grades of uncoated recycled paperboard in U.S. and
Canada, effective with shipments beginning Feb. 1
    ** Price action is necessary to offset increased input
costs, says Sonoco
    ** Stock down 8.7% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))