Sonoco-Alcore to increase prices for tubes and cores in Europe

Brussels-based Sonoco-Alcore S.a.r.l. has announced it will raise prices for paper-based tubes and cores by up to 7 percent, depending on product category, effective from shipments beginning Feb 1, 2018, in Europe.

Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco, Hartsville, South Carolina, and operates 29 tubes and cores plants and four paperboard mills in Europe.

The company says the increase is a result of the rising cost of old corrugated containers (OCC) and tightened supply.

“The increase follows a continued rise in coreboard prices across Europe driven by strong demand and higher recovered paper and energy costs,” says Karsten Kemmerling, director of sales and marketing, tubes and cores, Europe. “European coreboard mills are running full, and the cost of old corrugated containers remains at elevated levels and is anticipated to rise further. This tightened supply situation is forcing us to pay higher prices to secure the quantity and quality of board needed for our customers, which we must pass on.”