Sonoco-Alcore to Implement Additional Price Increases for Tubes & Cores in Europe
(Thomson Reuters ONE) -
BRUSSELS, Belgium, July 12, 2017 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l.
today announced it will again raise prices for paper-based tubes and cores,
effective from shipments beginning on 24th July 2017.
"Prices of coreboard continue to rise, driven by fundamental changes in
recovered paper markets. As this trend continues, we are forced to keep pace and
apply a further increase to our tubes and cores," said Karsten Kemmerling,
Director of Sales and Marketing - Tubes and Cores, Europe. "We continue to
invest in our operations to generate manufacturing productivity, but this will
not cover the significant increase in material costs. The outlook for the second
half of this year could well be a further tightening of material availability
and inevitably further price increases for our base raw material."
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
Unternehmensinformation / Kurzprofil:
Datum: 12.07.2017 - 17:44 Uhr
Sprache: Deutsch
News-ID 552124
Anzahl Zeichen: 1588
contact information:
Town:
HARTSVILLE
Kategorie:
Business News
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