Sonoco to carry out $50-a-ton price boost on all grades of uncoated recycled paperboard in the U.S. starting Feb. 1

Sonoco Products Co. said Wednesday it’s implementing a $50 per ton price boost for all grades of uncoated recycled paperboard in the U.S. Canada, effective with shipments beginning Feb. 1, 2024. “This price action is necessary to offset increased input costs,” the Hartsville, S.C.-based packaging company said in a short statement. The stock
SON,
-0.51%
has fallen 11% in the year to date, while the S&P 500
SPX,
+0.26%
has gained 21%.