|By PR Newswire||
|October 9, 2013 03:00 AM EDT||
BRUSSELS, Oct. 9, 2013 /PRNewswire/ -- Sonoco-Alcore S.a.r.l. announced today that it will raise the prices of all tube and core related products effective November 1, 2013.
"This price increase follows our recently announced coreboard increase of 50 Euros/40 GBP per ton in the European Market that went into effect on October 1, 2013. The coreboard increase was needed due to the rising cost of energy, freight and other materials involved in the manufacturing process. This increase has been accepted by the market, therefore our tube and core prices needed to reflect this change accordingly," said Adam Wood, Vice President, Sonoco-Alcore.
Sonoco-Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE:SON) and operates 29 tube and core plants and five paperboard mills in Europe.