{"id":419943,"date":"2021-01-25T06:48:11","date_gmt":"2021-01-25T11:48:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419943"},"modified":"2021-01-25T06:48:11","modified_gmt":"2021-01-25T11:48:11","slug":"sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment\/","title":{"rendered":"Sonoco Announces Price Increases\u00a0for Prepared and Specialty Foods Segment"},"content":{"rendered":"
\n

HARTSVILLE, S.C., Jan. 25, 2021 (GLOBE NEWSWIRE) — Sonoco (NYSE:SON), one of the largest diversified global packaging companies, announced today that its Prepared and Specialty Foods Segment will raise prices for CPET (crystallized polyethylene terephthalate) and PP (polypropylene) thermoformed plastic trays and bowls by 8 percent. The increases will be applied individually, and depending on product category, effective for shipments beginning on February 22, 2021.\u00a0<\/p>\n

\u201cThese price adjustments are critical to manage continued increases in cost across our business. Thus far, we have offset much of these increased input costs via manufacturing productivity initiatives and supply chain optimization activities, but with continued inflation, we must now pass this cost on to our customers,\u201d said Rolfe Olsen, Segment Vice President \u2013 Prepared & Specialty Foods at Sonoco.<\/p>\n

\n About Sonoco<\/strong>
\n
Founded in 1899, Sonoco (NYSE: SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5.4 billion, the Company has 23,000 employees working in approximately 300 operations in 36 countries, serving some of the world\u2019s best known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging. Better Life.<\/em> The Company ranked first in the Packaging sector on Fortune\u2019s World\u2019s Most Admired Companies for 2020 as well as Barron\u2019s 100 Most Sustainable Companies. For more information, visit www.sonoco.com<\/u><\/a>.<\/p>\n

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Contact:\r\nRoger Schrum\u00a0\r\n+843-339-6018\r\nroger.schrum@sonoco.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
HARTSVILLE, S.C., Jan. 25, 2021 (GLOBE NEWSWIRE) — Sonoco (NYSE:SON), one of the largest diversified global packaging companies, announced today that its Prepared and Specialty Foods Segment will raise prices for CPET (crystallized polyethylene terephthalate) and PP (polypropylene) thermoformed plastic trays and bowls by 8 percent. The increases will be applied individually, and depending on product category, effective for shipments beginning on February 22, 2021.\u00a0 \u201cThese price adjustments are critical to manage continued increases in cost across our business. Thus far, we have offset much of these increased input costs via manufacturing productivity initiatives and supply chain optimization activities, but with continued inflation, we must now pass this cost on to our customers,\u201d said Rolfe Olsen, Segment Vice President \u2013 … <\/p>\n
Continue reading “Sonoco Announces Price Increases\u00a0for Prepared and Specialty Foods Segment”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-419943","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSonoco Announces Price Increases\u00a0for Prepared and Specialty Foods Segment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sonoco Announces Price Increases\u00a0for Prepared and Specialty Foods Segment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HARTSVILLE, S.C., Jan. 25, 2021 (GLOBE NEWSWIRE) — Sonoco (NYSE:SON), one of the largest diversified global packaging companies, announced today that its Prepared and Specialty Foods Segment will raise prices for CPET (crystallized polyethylene terephthalate) and PP (polypropylene) thermoformed plastic trays and bowls by 8 percent. The increases will be applied individually, and depending on product category, effective for shipments beginning on February 22, 2021.\u00a0 \u201cThese price adjustments are critical to manage continued increases in cost across our business. Thus far, we have offset much of these increased input costs via manufacturing productivity initiatives and supply chain optimization activities, but with continued inflation, we must now pass this cost on to our customers,\u201d said Rolfe Olsen, Segment Vice President \u2013 … Continue reading "Sonoco Announces Price Increases\u00a0for Prepared and Specialty Foods Segment"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-25T11:48:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0MDI3NyMzOTQxMjQ2IzIwMDQ1Mjc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sonoco Announces Price Increases\u00a0for Prepared and Specialty Foods Segment\",\"datePublished\":\"2021-01-25T11:48:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment\\\/\"},\"wordCount\":247,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE0MDI3NyMzOTQxMjQ2IzIwMDQ1Mjc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-announces-price-increases-for-prepared-and-specialty-foods-segment\\\/\",\"name\":\"Sonoco Announces Price Increases\u00a0for Prepared and Specialty Foods Segment - 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