Sonoco-Alcore to Increase Prices for Tubes & Cores in Europe
Sept. 2, 2016 - Sonoco-Alcore S.a.r.l. announced it will increase prices for paper-based tubes and cores by up to 8 percent, depending on product category, to all customers in Europe, effective from shipments beginning on October 1, 2016.
“The increase follows a recent rise in coreboard prices across Europe driven predominantly by higher raw material costs,” said Karsten Kemmerling, Director of Sales and Marketing - Tubes and Cores, Europe. “We continue to do all we can to maintain tight cost control, but with coreboard a dominant part of our cost, we are unable to offset recent price increases.”
Sonoco Alcore S.a.r.l. is wholly-owned by Sonoco (SON) and operates 29 tubes and cores plants and five paperboard mills in Europe. To learn more, please visit: www.sonoco.com.
SOURCE: Sonoco Alcore S.a.r.l.