Sonoco Announces Price Increase on Recycled Paperboard in U.K.
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Sonoco Alcore (Hartsville, S.C., USA) announced on July 29 the company will raise prices by EUR 40 per metric ton on all recycled paperboard grades sold in the U.K. The price change will be effective with shipments on or after August 15.
"This price increase is in direct response to rising raw material costs," said Phil Woolley, director, Paper Europe. "We will continue to monitor market conditions to determine if additional pricing actions will be required in other European markets."
Sonoco Alcore is wholly-owned by Sonoco and operates 29 tubes and cores plants and four paperboard mills in Europe, including the company’s uncoated recycled paperboard mill in Stainland, U.K.
