Sonoco-Alcore Hikes Paperboard Prices In EMEA Region

Sonoco Products Co SON said its subsidiary, Sonoco-Alcore, will raise prices by €100 (£85) / ton on all recycled paperboard grades sold in EMEA regions.
The price rise will be effective for all shipments made on or after March 14, 2022.
The move comes after a continued escalation in the cost of European energy.
"These cost increases, in conjunction with disruptions to our supply chain, now mean that we have no choice but to react to the situation," said Phil Wolley, Division Vice President – Paper Europe.
Price Action: SON shares closed lower by 2.9% at $55.50 on Monday.