By Adam L. Cataldo
Sonoco Products said it would boost prices for all grades of uncoated recycled paperboard products to $70 a ton due inflation and tightening market conditions.
The sustainable packaging company on Monday also said it is raising by 8% prices for all converted paperboard products. The price hikes will take effect with shipments starting on April 15.
The Hartsville, S.C., company's shares are down 3.2% this year and have fallen 18% in the last 52 weeks.
Write to Adam L. Cataldo at adam.cataldo@wsj.com
(END) Dow Jones Newswires
March 10, 2025 18:22 ET (22:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.