Sonoco-Alcore to Raise European Tube, Core Prices
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Following a recently announced coreboard price increase, Sonoco-Alcore S.a.r.l., Brussels, Belgium, this week announced that it will increase prices of all tube and core-related products by 5.5%. The price increase becomes effective March 1.
"This price increase is in response to lower European volumes and the continued inflationary cost pressures we experience in Europe, especially for energy, freight, chemicals, and labor," said Adam Wood, VP, Sonoco-Alcore.
Sonoco Alcore S.a.r.l. is wholly-owned by Sonoco, Hartsville, S.C., USA, and operates 29 tube and core plants and five paperboard mills in Europe.
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