Sonoco To Implement Further Price Increase for Core Board and Paperboard in Europe

thMarch 2024, Sonoco (NYSE: SON) today announced it is implementing a further price increase as input costs have continued to rise beyond our initial estimation.“We have already successfully implemented a second increase in the Italian market and this will now be applied in the rest of Europe at €25/ton, valid for all shipments after 1 stJuly, 2024. The economic climate continues to be challenging making this action necessary to maintain supply to our valued customer base in Europe,”...

BRUSSELS, 04/06/2024 (informazione.news - comunicati stampa - industria)

March 2024, Sonoco (NYSE: SON) today announced it is implementing a further price increase as input costs have continued to rise beyond our initial estimation.

“We have already successfully implemented a second increase in the Italian market and this will now be applied in the rest of Europe at €25/ton, valid for all shipments after 1 July, 2024. The economic climate continues to be challenging making this action necessary to maintain supply to our valued customer base in Europe,” said Nikolaj Thybo, Vice President Sales & Marketing Paper 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, Sonoco has approximately 22,000 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  www.sonoco.com .