Sonoco-Alcore to Enhance Paperboard Costs within the EMEA Area

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BRUSSELS, Belgium, Oct. 11, 2021 (GLOBE NEWSWIRE) — Sonoco-Alcore S.a.r.l. proclaims immediately that as a result of continued escalation in the price of European power it is going to elevate costs by €100 (£100) / tonne on all recycled paperboard grades bought within the Firm’s EMEA areas and which will probably be efficient for all shipments made on or after the 18^th October 2021.

“Over the previous few weeks now we have continued to see extraordinary will increase in the price of power throughout Europe. No doubt, the present state of affairs is wholly unprecedented and is as soon as once more forcing us to take regrettable, however unavoidable actions, to offset this inflation. We’ll proceed to observe the state of affairs on a month-by-month foundation and can overview in step with future power worth actions.” stated Phil Woolley, Division Vice President – Paper Europe.

Sonoco Alcore S.a.r.l. is wholly owned by Sonoco (NYSE:SON) and operates 24 tube and core crops and 5 paperboard mills in Europe.

Contact:  Roger Schrum +843/339-6018 roger.schrum@sonoco.com