Sonoco-Alcore S.a.r.l. has announced it will raise prices by €50 per metric ton on all recycled paperboard grades sold in the Company's Italian region. The price change is effective with shipments on or after 15th June, 2015.
"This price increase is in response to rising material and manufacturing costs and price adjustments occurring in the Italian market," said Phil Woolley, Director, Paper Europe.
Sonoco Alcore S.a.r.l. is wholly-owned by Sonoco (NYSE:SON) and operates 29 tubes and cores plants and five paperboard mills in Europe, including the Company's largest European uncoated recycled paperboard mill in Cirie, Italy.
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Source: Sonoco Product Company via Globenewswire