Market: Packaging Paper & Board
Posted March 20, 2017
Sonoco-Alcore S.a.r.l. will raise prices for paper-based tubes and cores by up to 8.5%, depending on product category, effective from shipments beginning on 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 60 Euro 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 and operates 29 tubes and cores plants and 4 paperboard mills in Europe.