Sonoco Europe will raise prices on recycled coreboard in Continental and Nordic, effective June 1. This is the fourth time that recycled coreboard grades have increased in the past 12 months.
Sonoco’s manager, Paper Division Europe, Richard Gibson, added, "Coreboard price increases have not kept pace with the substantial and continued increases in OCC pricing. This most recent increase is still not enough to get ahead of the cost curve. We hope that OCC and mixed waste pricing levels decline. This is the only way we can avoid further coreboard increases this year."
Sonoco, founded in 1899, is a $2.5 billion manufacturer of industrial and consumer packaging products, with over 285 operations in 33 countries serving customers in 85 nations.
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