Sonoco-Alcore to Increase European Tube and Core Prices

Sonoco-Alcore S.a.r.l. Brussels, Belgium, this week announced that it will raise the prices for all of its tube and core related products, effective November 1. The price increase follows the company's recently announced coreboard increase of EUR 50 per metric ton in the European market that went into effect on October 1.
 

"The coreboard increase was needed due to the rising cost of energy, freight, and other materials involved in the manufacturing process. This increase has been accepted by the market, therefore our tube and core prices needed to reflect this change accordingly," said Adam Wood, VP, Sonoco-Alcore.

Sonoco-Alcore S.a.r.l., wholly-owned by Sonoco, Hartsville, S.C., USA, operates 29 tube and core plants and five paperboard mills in Europe.