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Sonoco-Alcore to Increase Prices for Tubes & Cores in Europe

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Sonoco-Alcore S.a.r.l. announced at the beginning of this month it will raise prices for paper-based tubes and cores by up to 8%, depending on product category, to all customers in Europe, effective from shipments beginning next month (October 1).

"The increase follows a recent rise in coreboard prices across Europe, driven predominantly by higher raw material costs," said Director Karsten Kemmerling 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 (Hartsville, S.C., USA) and operates 29 tubes and cores plants and five paperboard mills in Europe.

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