Sonoco-Alcore to Hike Price for Recycled Paperboard in Continental Europe
Feb. 7, 2012 - Sonoco-Alcore S.a.r.l. said that it will increase prices by EUR 75 or £60 per metric ton on all recycled paperboard grades in continental Europe, effective with shipments on or after February 15, 2012.
According to Adam Wood, vice president, Sonoco-Alcore, the price increase is necessary to manage higher costs, primarily associated with recovered paper.
"In the current economic climate, low OCC generation is causing high market volatility resulting in a rapid increase in price of OCC. As a significant part of our base cost for coreboard, we have little choice than to pass along these higher input costs as soon as possible," Wood explained.