Skip to main content

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

Written by Customer Service on . Posted in Public Companies.

BRUSSELS, April 30, 2020 (GLOBE NEWSWIRE) — Sonoco-Alcore S.a.r.l. today announced it will raise prices for paper-based tubes and cores by 8.0 percent, depending on product category, effective from shipments beginning on 15th May 2020.
“The increase follows a rapid escalation in core board cost across Europe. This has been driven by weaker economic conditions severely affecting the supply and subsequent cost of OCC. Securing supply of recovered waste paper has proved challenging for coreboard mills,” said Karsten Kemmerling, Director of Sales and Marketing – Tubes and Cores, Europe.“To date, we have absorbed these costs, as our primary goal is always to maintain supplies to our customers when we are needed. As this current trend seems set, certainly for the medium term, we now have little choice but to act so we can maintain the strong supply chain our customers value from Sonoco.”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, including a mill and three tube and core converting facilities in Italy.Contact:
Roger Schrum
+843-339-6018

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.