{"id":830329,"date":"2025-03-27T04:03:08","date_gmt":"2025-03-27T08:03:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe\/"},"modified":"2025-03-27T04:03:08","modified_gmt":"2025-03-27T08:03:08","slug":"sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe\/","title":{"rendered":"Sonoco To Implement Price Increase for Core Board and Paperboard in Europe"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">HARTSVILLE, S.C., March  27, 2025  (GLOBE NEWSWIRE) &#8212; Sonoco Products Company (\u201cSonoco\u201d or the \u201cCompany\u201d) (NYSE: SON), a global leader in high-value sustainable paper and metal packaging, today announced it is implementing a \u20ac60 per metric ton price increase\u00a0for all grades of core board and paperboard in Europe effective with all deliveries from April 7, 2025.<\/p>\n<p>According to Adam Wood, Vice President, Industrial Paper Products Europe, the pricing decision is driven by a general shortage of Old Corrugated Containers (OCC), the primary raw material in core board production, and elevated energy costs.<\/p>\n<p>\u201cOCC generation has been low across Europe which has resulted in rising prices in March, and we expect additional increases in April and beyond. This is\u00a0compounded by OCC exports from Europe that continue to tighten local supply,\u201d Wood said.\u00a0\u201cWe were hopeful for energy price reductions as we entered spring to help offset the material inflation, but this is not materialising and with gas storage levels low across Europe, the need to replenish reserves over the summer is not likely to support a meaningful reduction.\u00a0We have held out to support our customers as long as we can but must now pass on these rising costs.\u201d<\/p>\n<p>\n        <strong>About Sonoco<\/strong>\n      <\/p>\n<p align=\"justify\">Sonoco (NYSE: SON) is a global leader in high-value sustainable paper and metal packaging that serves some of the world\u2019s best-known brands. Sonoco has approximately 28,000 employees working in 315 operations in 40 countries around the world. Guided by our purpose of <em>Better Packaging. Better Life., <\/em>we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of America\u2019s Most Trustworthy and Responsible Companies by Newsweek. For more information on the Company, visit our website at <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rSZHK7FVc4RYIhBSmVJD2uMdgIs_Nf4aWvm_ClQgT_N_q8eR5NYUoX4NDEIUxfTG17EE86BEtCD5fbI3Br35Wg==\" rel=\"nofollow\" target=\"_blank\">www.sonoco.com<\/a><\/u>.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:10%;width:10%;min-width:10%\">\u00a0<\/td>\n<td style=\"max-width:90%;width:90%;min-width:90%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Contact:<\/td>\n<td>Roger Schrum<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>843-339-6018<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\n            <a href=\"mailto:roger.schrum@sonoco.com\" rel=\"nofollow\" target=\"_blank\">roger.schrum@sonoco.com<\/a>\n          <\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMTc1MiM2ODM2NzYyIzIwMDQ1Mjc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTAyZDFkMmUtMjI0Ni00MGIyLThjMjAtOGI5ZDUyYWViY2M1LTEwMTYxMDAtMjAyNS0wMy0yNy1lbg==\/tiny\/Sonoco-Products-Company.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HARTSVILLE, S.C., March 27, 2025 (GLOBE NEWSWIRE) &#8212; Sonoco Products Company (\u201cSonoco\u201d or the \u201cCompany\u201d) (NYSE: SON), a global leader in high-value sustainable paper and metal packaging, today announced it is implementing a \u20ac60 per metric ton price increase\u00a0for all grades of core board and paperboard in Europe effective with all deliveries from April 7, 2025. According to Adam Wood, Vice President, Industrial Paper Products Europe, the pricing decision is driven by a general shortage of Old Corrugated Containers (OCC), the primary raw material in core board production, and elevated energy costs. \u201cOCC generation has been low across Europe which has resulted in rising prices in March, and we expect additional increases in April and beyond. This is\u00a0compounded by OCC &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sonoco To Implement Price Increase for Core Board and Paperboard in Europe&#8221;<\/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-830329","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sonoco To Implement Price Increase for Core Board and Paperboard in Europe - 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-to-implement-price-increase-for-core-board-and-paperboard-in-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sonoco To Implement Price Increase for Core Board and Paperboard in Europe - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HARTSVILLE, S.C., March 27, 2025 (GLOBE NEWSWIRE) &#8212; Sonoco Products Company (\u201cSonoco\u201d or the \u201cCompany\u201d) (NYSE: SON), a global leader in high-value sustainable paper and metal packaging, today announced it is implementing a \u20ac60 per metric ton price increase\u00a0for all grades of core board and paperboard in Europe effective with all deliveries from April 7, 2025. According to Adam Wood, Vice President, Industrial Paper Products Europe, the pricing decision is driven by a general shortage of Old Corrugated Containers (OCC), the primary raw material in core board production, and elevated energy costs. \u201cOCC generation has been low across Europe which has resulted in rising prices in March, and we expect additional increases in April and beyond. This is\u00a0compounded by OCC &hellip; Continue reading &quot;Sonoco To Implement Price Increase for Core Board and Paperboard in Europe&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T08:03:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMTc1MiM2ODM2NzYyIzIwMDQ1Mjc=\" \/>\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=\"2 minutes\" \/>\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-to-implement-price-increase-for-core-board-and-paperboard-in-europe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sonoco To Implement Price Increase for Core Board and Paperboard in Europe\",\"datePublished\":\"2025-03-27T08:03:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe\\\/\"},\"wordCount\":317,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQxMTc1MiM2ODM2NzYyIzIwMDQ1Mjc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-to-implement-price-increase-for-core-board-and-paperboard-in-europe\\\/\",\"name\":\"Sonoco To Implement Price Increase for Core Board and Paperboard in Europe - 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According to Adam Wood, Vice President, Industrial Paper Products Europe, the pricing decision is driven by a general shortage of Old Corrugated Containers (OCC), the primary raw material in core board production, and elevated energy costs. \u201cOCC generation has been low across Europe which has resulted in rising prices in March, and we expect additional increases in April and beyond. 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