{"id":19244,"date":"2024-06-04T05:40:37","date_gmt":"2024-06-04T05:40:37","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/sonoco-to-implement-further-price-increase-for-core-board-and-paperboard-in-europe\/"},"modified":"2024-06-04T05:40:37","modified_gmt":"2024-06-04T05:40:37","slug":"sonoco-to-implement-further-price-increase-for-core-board-and-paperboard-in-europe","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/sonoco-to-implement-further-price-increase-for-core-board-and-paperboard-in-europe\/","title":{"rendered":"Sonoco To Implement Further Price Increase for Core Board and Paperboard in Europe"},"content":{"rendered":"
\n

BRUSSELS, Belgium, June 04, 2024 (GLOBE NEWSWIRE) — Following the announcement of 25th<\/sup> 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.<\/p>\n

\u201cWe have already successfully implemented a second increase in the Italian market and this will now be applied in the rest of Europe at\u00a0\u20ac25\/ton, valid for all shipments after 1st<\/sup> July, 2024. The economic climate continues to be challenging making this action necessary to maintain supply to our valued customer base in Europe,\u201d said Nikolaj Thybo, Vice President Sales & Marketing Paper Europe.<\/p>\n

Contact Information:<\/strong>
Lisa Weeks
Vice President of Investor Relations\u00a0& Communications
lisa.weeks@sonoco.com<\/u><\/a>
843-383-7524<\/p>\n

About\u00a0Sonoco<\/strong>
With net sales of approximately\u00a0$6.8 billion\u00a0in 2023,\u00a0Sonoco\u00a0has approximately 22,000 employees working in more than 300 operations around the world, serving some of the world\u2019s best-known brands. With our corporate purpose of\u00a0Better Packaging. Better Life.,\u00a0<\/em>Sonoco\u00a0is committed to creating sustainable products and a better world for our customers, employees, and communities.\u00a0Sonoco\u00a0was named one of America\u2019s Most Responsible Companies by Newsweek. For more information on the Company, visit our website at\u00a0www.sonoco.com<\/u><\/a>.<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

BRUSSELS, Belgium, June 04, 2024 (GLOBE NEWSWIRE) — Following the announcement of 25th 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. \u201cWe have already successfully implemented a second increase in the Italian market and this will now be 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