Sonoco-Alcore Hikes Paperboard Prices In EMEA Region


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  • Sonoco Products Co (NYSE:SON) said its subsidiary, Sonoco-Alcore, will raise prices by €100 (£85) / ton on all recycled paperboard grades sold in EMEA regions.
  • The price rise will be effective for all shipments made on or after March 14, 2022.
  • The move comes after a continued escalation in the cost of European energy.
  • "These cost increases, in conjunction with disruptions to our supply chain, now mean that we have no choice but to react to the situation," said Phil Wolley, Division Vice President – Paper Europe.
  • Price Action: SON shares closed lower by 2.9% at $55.50 on Monday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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