Sonoco to Increase Coreboard, Uncoated recycled Board Prices
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Sonoco Alcore S.a.r.l., Brussels, Belgium, will increase the price of coreboard and uncoated recycled board in Europe by EUR 40 (GBP 35), effective May 9. This price increase is an addition to the earlier price increase announced in February.
"Recovered fiber, starch, chemicals, and energy costs have continued to increase. The current inflationary environment may mean further increases in the summer if the pricing of our base raw materials continues to rise at the current pace," said Adam Wood, VP, Sonoco-Alcore Europe. "Our tube and core business is also being negatively impacted, and we will likely enter a new phase of price increases, there, too, in May."
Sonoco Alcore S.a.r.l. is a wholly owned by Sonoco, Hartsville, S.C., USA, and operates six paper mills, 32 tube and core factories, and a recycling division in Europe.
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