Sonoco-Alcore raises prices of paper-based tubes and cores by 8.0%. Credit: Angela Mabray.

Tube and core solutions provider Sonoco-Alcore has decided to increase prices of paper-based tubes and cores by 8.0%.

The increment, which is subject to product category, will be effective in Europe starting on 15 May.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

SonocoEurope Tubes and Cores Sales and Marketing director Karsten Kemmerling said: “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 wastepaper has proved challenging for coreboard mills.

“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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In a separate development, Sonoco-Alcore decided to introduce a price surcharge of €50 per tonne on all recycled paperboard grades sold in Central European regions.

The surcharge will be levied with shipments on or after the 15 May.

Sonoco Alcore Europe paper director Phil Woolley said: “The increase is in direct response to the rapidly escalating cost and limited availability of wastepaper currently seen across Europe due to the current economic weakness.  The surcharge mechanism will be used to recover these unprecedented spikes in cost and will be adjusted as the situation evolves.”

Sonoco Alcore, which is a wholly owned subsidiary of consumer packaging company Sonoco. It operates 29 tubes and cores plants and five paperboard mills in Europe.