BRUSSELS, Belgium, Sept. 02, 2016 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l. today announced it will raise prices for paper-based tubes and cores by up to 8 percent, depending on product category, to all customers in Europe, effective from shipments beginning on October 1, 2016.
“The increase follows a recent rise in coreboard prices across Europe driven predominantly by higher raw material costs,” said Karsten Kemmerling, Director of Sales and Marketing – Tubes and Cores, Europe. “We continue to do all we can to maintain tight cost control, but with coreboard a dominant part of our cost, we are unable to offset recent price increases.”
Sonoco Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE: SON ) and operates 29 tubes and cores plants and five paperboard mills in Europe.
Contact: Roger Schrum +843/339-6018 roger.schrum@sonoco.com