Sonoco-Alcore to Increase Prices for Tubes & Cores in Europe
January 15 2018 - 10:04AM
YASTEST
BRUSSELS, Belgium, Jan. 15, 2018 (GLOBE NEWSWIRE)
-- Sonoco-Alcore S.a.r.l. today announced it will raise prices for
paper-based tubes and cores by up to 7 percent, depending on
product category, effective from shipments beginning on
1st February
2018.
"The increase follows a continued rise in
coreboard prices across Europe driven by strong demand and higher
recovered paper and energy costs," said Karsten Kemmerling,
Director of Sales and Marketing - Tubes and Cores, Europe.
"European coreboard mills are running full, and the cost of Old
Corrugated Containers remains at elevated levels and is anticipated
to rise further. This tightened supply situation is forcing us
to pay higher prices to secure the quantity and quality of board
needed for our customers, which we must pass on."
Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco
(NYSE:SON) and operates 29 tubes and cores plants and four
paperboard mills in Europe.
Contact:
Roger Schrum
+843/339-6018
roger.schrum@sonoco.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Sonoco Products Company via Globenewswire
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