Sonoco-Alcore to Increase Prices for Tubes & Cores in Europe
(Thomson Reuters ONE) -
BRUSSELS, Belgium, March 20, 2017 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l.
today announced it will raise prices for paper-based tubes and cores by up to
8.5 percent, depending on product category, effective from shipments beginning
on 15(th) April 2017.
"The increase follows a continuous rise over the past six months in coreboard
prices across Europe driven predominantly by higher OCC costs peaking now in a
60 Euro per ton or a 15 percent increase in coreboard," said Karsten Kemmerling,
Director of Sales and Marketing - Tubes and Cores, Europe. "We are doing all we
can to maintain tight cost control, but with coreboard a dominant part of our
cost, we are unable to offset such movement."
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(at)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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