logo
Share SHARE
FONT-SIZE Plus   Neg

Sonoco To Raise Prices For Uncoated Recycled Paperboard Products

Packaging business Sonoco Products Co. (SON) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the... Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors.
comments powered by Disqus
RELATED NEWS
Trade SON now with 
Follow RTT