10:57 AM EDT, 04/29/2024 (MT Newswires) -- Sonoco Products ( SON ) said Monday that it is increasing the prices of tubes and cores products sold in Mexico by 6%, starting with deliveries in May.

The price increase is due to inflationary pressures and higher basic raw material costs, said Jose Villafana, vice president and general manager for paper products in Latin and South America.

Sonoco shares were up about 2.1% in recent trading.

Price: 57.68, Change: +1.17, Percent Change: +2.07