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Sonoco-Alcore to raise paperboard prices in Europe

Sonoco-Alcore said that it will again increase prices by a further €50 per tonne (£40 / tonne) on all recycled paperboard grades sold in its European regions.

The price change is effective with shipments on or after 17th July 2017.

Phil Woolley, Director – Paper Europe, said: “Demand for raw materials has continued to rise throughout the year as a result of China’s “National Sword” initiative, new capacity within the paper packaging sector, and the European economy currently being stronger than we have seen in recent years.

"The resultant continued increase in raw material costs are again unsustainable and we now have no choice but to pass these increases through into the market."

Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco and operates 29 tubes and cores plants and four paperboard mills in Europe, including the Company’s largest European uncoated recycled paperboard mill in Cirie, Italy.