Sonoco-Alcore Raising Prices for Tubes and Cores in Europe
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Sonoco-Alcore S.a.r.l., Brussels, Belgium, this week announced it will raise prices for paper-based tubes and cores by up to 8.5%, depending on product category, effective with shipments beginning April 15, 2017.
"The increase follows a continuous rise over the past six months in coreboard prices across Europe, driven predominantly by higher OCC costs peaking now in a EUR 60 per ton or a 15% increase in coreboard," said Karsten Kemmerling, director of sales and marketing – Tubes and Cores, Europe. "We are doing all we can to maintain tight cost control, but with coreboard a dominant part of our cost, we are unable to offset such movement."
Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco, Hartsville, S.C., USA, and operates 29 tubes and cores plants and four paperboard mills in Europe.
