March 27, 2024 - Sonoco on March 25 announced it is implementing a EUR 60 per ton, GPB 50 for UK market, price increase for all grades of uncoated recycled paperboard (URB) sold in Europe, effective for deliveries after April 15.
"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," Thybo added.
Founded in 1899, Sonoco (NYSE:SON) is a global provider of packaging products.
SOURCE: Sonoco
Paper Industry Newsletter
Stay on top of paper industry news
from around the world with
PaperAge's free weekly newsletter.
Delivered every Thursday.
Sign up today!