Investing.com -- Packaging stocks rose on Friday after Packaging Corp. of America (NYSE:PKG) announced plans to increase containerboard prices by $70 per ton effective March 1, according to Bloomberg’s Green Markets Box Report.
PKG stock gained as much as 2.8% following the news, while other packaging companies also saw their shares climb. Smurfit WestRock (NYSE:SW) rose 2.2% and International Paper (NYSE:IP) advanced 2.5%.
The price increase represents the industry’s latest attempt to improve margins amid challenging market conditions. According to containerboard buyers cited in the report, PCA has already issued price-increase letters announcing the March hike.
Simultaneously, multiple buyers reported receiving notices from Cascades indicating a $50 per ton increase effective January 5, though this increase is reportedly limited to medium only.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.


































