Watching Packaging Corp.; Seaport Research Partners Says Co Has Announced To Customers That It Is Raising Linerboard Prices By $70/Ton As Of Jan 1 And Semi-Chem Medium Prices By $100/Ton
Portfolio Pulse from Benzinga Newsdesk
Packaging Corp. has informed customers of a price increase for linerboard and semi-chem medium, effective January 1. Linerboard prices will rise by $70 per ton, and semi-chem medium prices by $100 per ton, as reported by Seaport Research Partners.
November 27, 2023 | 5:00 pm
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Packaging Corp. (PKG) has announced a price increase for linerboard and semi-chem medium, which could lead to higher revenues.
The price increase for Packaging Corp.'s products is likely to boost revenue if demand remains stable. This could be positive for the company's financial performance in the short term, assuming the price hike does not significantly reduce volume sold.
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