BRUSSELS, Belgium (News release) -- Following the announcement of 25^th March 2024, Sonoco announced it is implementing a further price increase as input costs have continued to rise beyond our initial estimation.

"We have already successfully implemented a second increase in the Italian market and this will now be applied in the rest of Europe at €25/ton, valid for all shipments after 1^st July, 2024. The economic climate continues to be challenging making this action necessary to maintain supply to our valued customer base in Europe," said Nikolaj Thybo, Vice President Sales & Marketing Paper Europe.