Sonoco-Alcore to Increase Paperboard Prices in Europe
(Thomson Reuters ONE) -
BRUSSELS, Belgium, July 05, 2017 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l.
today announced it will again raise prices by a further ?50 per tonne (£40 /
tonne) on all recycled paperboard grades sold in the Company's European regions.
The price change is effective with shipments on or after 17th July 2017.
"Demand for raw materials has continued to rise throughout the year as a result
of China's "National Sword" initiative, new capacity within the paper packaging
sector, and the European economy currently being stronger than we have seen in
recent years. The resultant continued increase in raw material costs are again
unsustainable and we now have no choice but to pass these increases through into
the market," said Phil Woolley, Director - Paper Europe.
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 largest European uncoated recycled paperboard mill in Cirie, Italy.
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
Unternehmensinformation / Kurzprofil:
Datum: 05.07.2017 - 16:19 Uhr
Sprache: Deutsch
News-ID 551175
Anzahl Zeichen: 1605
contact information:
Town:
HARTSVILLE
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 221 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Sonoco-Alcore to Increase Paperboard Prices in Europe"
steht unter der journalistisch-redaktionellen Verantwortung von
Sonoco Products Company (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
