Sonoco-Alcore to Increase Paperboard Prices in the EMEA Region
Sonoco-Alcore S.a.r.l. has announced a price increase of €100 (£85) per tonne on all recycled paperboard grades in its EMEA regions, effective from March 14, 2022. This decision comes in response to rising energy costs and supply chain disruptions affecting the business. Phil Wolley, Division Vice President – Paper Europe, highlighted the ongoing price volatility in energy markets and indicated that further increases or surcharges may be necessary.
- None.
- Increased costs due to energy volatility may negatively impact profit margins.
- Supply chain disruptions could affect operational efficiency and customer satisfaction.
- Possibility of further price increases or surcharges introduces uncertainty for customers.
BRUSSELS, Belgium, March 07, 2022 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l. announces today that due to the continued escalation in the cost of European energy, it will raise prices by
“We are continuing to see considerable price volatility in energy markets and across other cost areas of our business. These cost increases, in conjunction with disruptions to our supply chain, now mean that we have no choice but to react to the situation,” said Phil Wolley, Division Vice President – Paper Europe. “We will continue to monitor events as they develop and take actions necessary to maintain supplies to our customers. We cannot, however, rule out further increases or surcharges being required at this stage.”
Sonoco Alcore S.a.r.l. is wholly owned by Sonoco (NYSE:SON) and operates 24 tube and core plants and five paperboard mills in Europe.
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