Sonoco Announces Price Increase on Recycled Paperboard in U.K.
(Thomson Reuters ONE) -
BRUSSELS, Belgium, July 28, 2016 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l.
today announced it will raise prices by £40 per tonne on all recycled paperboard
grades sold in the United Kingdom. The price change will be effective with
shipments on or after August 15, 2016.
"This price increase is in direct response to rising raw material costs," said
Phil Woolley, director, Paper Europe. "We will continue to monitor market
conditions to determine if additional pricing actions will be required in other
European markets."
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, including the
Company's uncoated recycled paperboard mill in Stainland, U.K.
About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging,
industrial products, protective packaging, and displays and packaging supply
chain services. With annualized net sales of approximately $5 billion, the
Company has 20,800 employees working in more than 330 operations in 34
countries, serving some of the world's best known brands in some 85 nations.
Sonoco is a proud member of the 2015/2016 Dow Jones Sustainability World Index.
For more information on the Company, visit our website at www.sonoco.com.
Contact:
Roger Schrum
+843-339-6018
roger.schrum(at)sonoco.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sonoco Products Company via GlobeNewswire
[HUG#2031560]
Unternehmensinformation / Kurzprofil:
Datum: 28.07.2016 - 16:32 Uhr
Sprache: Deutsch
News-ID 486121
Anzahl Zeichen: 2072
contact information:
Town:
HARTSVILLE
Kategorie:
Business News
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