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Sonoco Raises Paperboard Prices

Maker of packaging products to raise prices on uncoated recycled paperboard by $60 per ton, and will raise paperboard industrial converted products prices 5.5 percent.

HARTSVILLE, S.C. (AP) -- Sonoco Products Co., which makes packaging products, said Monday it will raise prices on its uncoated recycled paperboard by $60 per ton, due to higher raw material costs.

The company will also raises prices on all paperboard industrial converted products by 5.5 percent. The price hikes take effect on shipments starting April 5.

Shares of Sonoco slipped 2 cents to $29.96 in morning trading.

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