Sonoco-Alcore Raises Tube, Core Prices in Italy, Spain

 

Sonoco-Alcore S.a.r.l., Brussels, Belgium, has raised prices for paper-based tubes and cores by at least 5.5%, depending on the type of product, to all customers in Italy and Spain, effective with shipments that began July 13. 

"After a period of stability in our base raw materials, we are now seeing market rises in OCC (old corrugated containers) in a number of European countries. With Asian countries again sourcing raw materials in Europe, supply has become constrained and naturally prices are rising. The most recent sustained moves have been in Italy and Finland. While we have not yet announced changes in Finland, we continue to monitor this situation closely," said Karsten Kemmerling, director of sales and marketing, Tubes and Cores, Europe. "We are doing all we can to keep costs under control, but with coreboard rising by EUR 50 per metric ton, we can no longer absorb these and other costs without adjusting our selling prices for tubes and cores." 

Sonoco Alcore S.a.r.l. is wholly owned by Sonoco, Hartsville, S.C., USA, and operates 29 tubes and cores plants and five paperboard mills in Europe, including a mill and three tube and core converting facilities in Italy and one plant in Spain.