Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Sonoco To Raise Prices For Uncoated Recycled Paperboard Products

RELATED NEWS
Trade SON now with 
1/14/2013 8:21 AM ET

Packaging business Sonoco Products Co. (SON: Quote) said Monday that it will raise the price for all grades of uncoated recycled paperboard products by $25 per ton, citing continued inflationary pressure. The price increase is effective for shipments in the U.S. and Canada, beginning February 11, 2013.

Marty Pignone, Vice President of Primary Materials Group, North America said, "This price increase is necessary to recover continued inflationary pressure from non-fiber-related costs, including chemicals, energy, freight, repair materials, labor and other expenses."

In early December, Hartsville, South Carolina-based Sunoco detailed its guidance for the full year 2013, which is expected to lag behind analysts' estimates. The packaging products maker also confirmed its fourth-quarter and full-year guidance, while indicating it did not see any changes in economic conditions to revise the outlook.

SON closed Friday's trading at $30.23, up $0.21 on a volume of 543,000 shares.

Click here to receive FREE breaking news email alerts for Sonoco Products and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its "interests" in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east of the country a day earlier. Lavrov's remarks came in an interview with Russia Today, which published excerpts of the English-language interview to While selling pressure has remained relatively subdued, stocks continue to see modest weakness in mid-day trading on Wednesday. The losses on the day come on the heels of the upward trend seen over the past several sessions. The major averages have moved roughly sideways in recent trading, lingering in the red. While a majority of Kentucky voters approve of the way Rand Paul is handling his job as Senator, the results of New York Times/Kaiser Family Foundation poll showed that voters from the Bluegrass State have a more mixed view on Paul's potential run for president in 2016.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.