BRUSSELS, Feb 22, 2010 (BUSINESS WIRE) -- Sonoco-Alcore S.a.r.l. will increase prices for all uncoated recycled
paperboard grades in all European markets by 50 Euro, or £40,per
metric tonne on all shipments effective March 8, 2010.
"The cost of recovered paper has doubled over the past three quarters,
which is a reflection of increased fiber demand around the globe," said
Eddie L. Smith, vice president, Sonoco-Alcore Europe. "Harsher than
normal winter weather has also impacted the supply of recovered paper in
Europe, and mills in all of the recycled paperboard markets are running
full with low levels of finished stock."
"Because of the rapid rise in recovered paper prices, we must begin to
recoup our costs in our coreboard, partition board and other uncoated
recycled products," Smith added. "We recognize there is never a good
time for a price increase. We will continue to do all we can to control
costs, but we simply can no longer absorb these increased raw material
prices."
Sonoco-Alcore S.a.r.l. is wholly owned by Sonoco (NYSE: SON) and
operates 30 tube and core plants and six paper mills on the European
continent and in the United Kingdom.
SOURCE: Sonoco
Sonoco
Roger Schrum, +843-339-6018
roger.schrum@sonoco.com