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Sonoco To Raise Price For All EPS, EPP, PUR And Refrigeration Products

Sonoco (SON) announced the company is implementing a price increase for all EPS, EPP, PUR and refrigeration products in the United States and Mexico, effective on or before November 10. The company said the prices will be increased between 6 percent and 10 percent based on the specific substrate.

Russell Grissett, division vice president, Sonoco Protective Solutions, said: "We continue to see inflation in our input costs related to EPS, EPP, PUR, corrugate, freight, flexible films and labor. Our Supply Management team continues to leverage our global reach; however, overall tightness in supply continues to drive up prices."

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