Sonoco To Raise Price For All Converted Paperboard Products By Minimum Of 6%
Portfolio Pulse from Benzinga Newsdesk
Sonoco announced a price increase of at least 6% for all converted paperboard products, effective July 10th, 2024. This includes tubes, cores, cones, and protective packaging.
June 17, 2024 | 11:07 am
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Sonoco is raising prices for all converted paperboard products by a minimum of 6%, effective July 10th, 2024. This move is likely to boost revenue but could also impact demand.
The price increase is likely to positively impact Sonoco's revenue in the short term as it will directly lead to higher sales prices. However, there is a potential risk of reduced demand due to higher prices, which could offset some of the revenue gains.
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