Skip to main content

Sonoco-Alcore to Increase Paperboard Prices in the EMEA Region

Written by Customer Service on . Posted in Public Companies.

BRUSSELS, Belgium, Aug. 26, 2021 (GLOBE NEWSWIRE) — Sonoco-Alcore S.a.r.l. announced today that due to inflationary pressures it will raise prices by €50 / tonne on all recycled paperboard grades sold in the Company’s EMEA regions. The increase is in direct response to the continued escalation of its cost base and will be effective for all shipments made on or after the 1st September 2021.

“Our business continues to experience unprecedented cost inflation across many elements of the business including energy, waste paper, chemicals, packaging and freight. Whilst we have made every effort to mitigate these price pressures, we now have no choice but to pass the increases onto the market. We will continue to monitor market trends over the next quarter and will react accordingly. At this point we cannot rule out further increases before year-end,” said Phil Woolley, Division Vice President – Paper Europe.

Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco (NYSE:SON) and operates 24 tube and core plants and five paperboard mills in Europe.

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

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.