Friday, 27 May 2016 09:18

Sonoco Products Company : Sonoco-Alcore to Increase Paperboard Prices in Italy

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Sonoco-Alcore S.a.r.l. has just announced it will raise prices by €40 per tonne on all recycled paperboard grades sold in the Company's Italian region. The price change is effective with shipments on or after June 6th, 2016.

sonoco logo 2014"This price increase is in response to rising raw material costs which have occurred and are now at the point where we need to pass this onto the market," said Phil Woolley, Director - Paper Europe.  "We are also experiencing this effect in a number of other European countries and expect further announcements to follow if this trend continues," he added.

Sonoco Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE:SON) 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.

Contact:

Roger Schrum 

+843/339-6018  

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Sonoco Products Company

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