Sonoco-Alcore S.a.r.l. announced an increase of prices for paper-based tubes and cores, effective from shipments beginning on July 24, 2017.
Karsten Kemmerling, Director of Sales and Marketing – Tubes and Cores, Europe, commented:
“Prices of coreboard continue to rise, driven by fundamental changes in recovered paper markets. As this trend continues, we are forced to keep pace and apply a further increase to our tubes and cores.
We continue to invest in our operations to generate manufacturing productivity, but this will not cover the significant increase in material costs. The outlook for the second half of this year could well be a further tightening of material availability and inevitably further price increases for our base raw material.”
Earlier Sonoco-Alcore increased prices for paper-based tubes and cores by up to 8.5% in in Europe.
The company is wholly-owned by Sonoco and operates 30 tube and core plants and five paperboard mills in Europe. Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annual net sales of approximately USD 4.9 billion, the Company has 19,900 employees working in 335 operations in 33 countries.