Sonoco-Alcore to Increase Paperboard Prices
Oct. 6, 2008 - Sonoco-Alcore S.a.r.l. today said that it will increase prices on all paperboard sold in the United Kingdom, Scandinavia and Russia by 25 GBP, or 40 Euros, per ton effective with all shipments after October 27, 2008.
“Continued inflationary pressure, predominantly in energy and chemicals, has resulted in paperboard capacity being taken out of the market most recently in Finland, Italy, France and the U.K.,” said Eddie L. Smith, vice president – Europe.
“Our business has maintained its commitment to reduce operating costs in order to offset this inflation, however, we are unable to continue to absorb all of these increases,” Smith added.
Sonoco-Alcore S.a.r.l., a wholly owned subsidiary of Sonoco, operates 30 tube and core plants and six paper mills on the European continent and in the United Kingdom.