Sonoco implementing price increase for paperboard tubes and cores in the U.S., Canada and Europe
(USA, March 13, 2017) Sonoco today announced it is implementing price increases for all paperboard tubes and cores in the United States and Canada by a minimum of 10 percent.
The increase is effective with shipments beginning April 10, 2017.
“This price adjustment is necessary to recover continuing cost inflation, particularly in uncoated recycled paperboard, our primary raw material,” said James Harrell, corporate vice president for Sonoco’s U.S. and Canada Tubes and Cores Division.
Additionally, Sonoco-Alcore S.a.r.l. has also announced that it will raise prices by EUR 60 per tonne (GBP 50 per tonne) on all recycled paperboard grades sold in the company’s European regions.
The price change is effective with shipments on or after 17th March 2017.
“This price increase is in response to the constant and unprecedented rise in raw material costs which have occurred since the fourth quarter of 2016. Such increases are no longer sustainable for us as a business and we are now at the critical point where we need to pass this onto the market,” said Phil Woolley, Director – Paper Europe.
Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco and operates 29 tubes and cores plants and four paperboard mills in Europe, including the Company’s largest European uncoated recycled paperboard mill in Cirie, Italy. To learn more, please visit: www.sonocoalcore.com (Source: Sonoco Alcore S.a.r.l.)