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Sonoco announces price increases in North America

Sonoco recently announced that it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in Canada and the United States, effective with shipments beginning February 1, 2024. The company noted that this price action is necessary to offset increased input costs.

Sonoco also announced that it will raise the price for all converted paperboard products by a minimum of six percent, effective with shipments in Canada and the United States, 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.