Today: October 20, 2017, 1:40 am
  
Business

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

PR-Inside.com: 2017-03-20 07:02:01

BRUSSELS, Belgium, March 20, 2017 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l. today announced it will raise prices for paper-based tubes and cores by up to 8.5 percent, depending on product category, effective from shipments beginning on 15th April 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 percent 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 (NYSE:SON) and operates 29 tubes and cores plants and four paperboard mills in Europe.

Contact:
Roger Schrum
+843/339-6018
roger.schrum@sonoco.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sonoco Products Company via Globenewswire




# 279 Words
Related Articles
More From The Author
ARCHIBUS Establishes ARCHIBUS Foundation EMEA to Inspire [..]
ARCHIBUS, Inc., the #1 developer worldwide of real estate, infrastructure & facilities management, announces a major market [..]
Markaz Selects Yardi Voyager
Kuwait Financial Centre “Markaz” will utilise Yardi Voyager® 7S : “Implementing the right solution was extremely important [..]
ZeroStack Opens Asia/Pacific Region With M5 Technologies
ZeroStack, Inc. : “Our region is going through a rapid economic shift to cloud services, requiring on-premises options that [..]
Hong Kong’s most exceptional property industry professionals [..]
The annual RICS (Royal Institution of Chartered Surveyors) Awards, Hong Kong recognised the region’s most successful real estate [..]
Soho House & Co Bond Update
Soho House & Co Limited (“Soho House”) confirms that it is in advanced discussions to refinance its existing debt which [..]
 
More From Business
New Silkroutes Group to Acquire 66% Stake [..]
SINGAPORE, Oct 19, 2017 - (ACN Newswire) - New Silkroutes Group Limited ("NSG") announced today that New Silkroutes Capital [..]
The 30th AVCJ Private Equity & Venture [..]
HONG KONG - (ACN Newswire) - The 30th Anniversary of the AVCJ Private Equity & Venture Forum ("AVCJ Forum") will [..]
Winter is Coming So ‘Batten Down the [..]
As the warning from the wildly popular series, Game of Thrones says, “Winter is coming” and it is a good [..]
Buro Seating Introduces Mentor Chairs in Australia
Buro Seating, a leading wholesaler of quality ergonomic seating in Australia, is launching the Mentor chair this month. This [..]
World's Largest Electronics Marketplace Opens in Hong [..]
HONG KONG, Oct 13, 2017 - (ACN Newswire) - The 37th HKTDC Hong Kong Electronics Fair (Autumn Edition), organised by [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.