Benzinga | Aug 9, 2021 06:49AM EDT

Sonoco Implementing $70/Ton Price Increase For Uncoated Recycled Paperboard

Sonoco (NYSE:SON) today announced it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning September 7, 2021.

Sonoco said the price increase was in response to continued tight market conditions as strong demand across the Company's U.S. and Canada mill network has resulted in order backlogs remaining at near historic highs as well as unprecedented inflationary pressures on papermaking.