Sonoco To Implement Price Increase Of €60 Per Ton (£50 For UK Market) For Uncoated Recycled Paperboard In Europe
Portfolio Pulse from Benzinga Newsdesk
Sonoco announced a price increase of €60 per ton for uncoated recycled paperboard in Europe, with a £50 increase for the UK market. This adjustment is a response to market conditions.

March 25, 2024 | 8:09 pm
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Sonoco's decision to increase prices for uncoated recycled paperboard in Europe and the UK could lead to higher revenue, assuming demand remains stable.
The price increase is a direct response to market conditions, likely reflecting higher costs or increased demand. If Sonoco can maintain its sales volume, the higher prices should translate into increased revenue. However, the impact on the stock will depend on how the market perceives this move in terms of Sonoco's ability to manage costs and demand.
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