Sonoco Implementing Price Increase for Paper-Based Tubes and Cores
Wednesday, October 16th, 2019
Sonoco-Alocre announced it will raise prices for paper-based tubes and cores supplied in the United Kingdom between 8 and 10 percent, depending on product category, effective for shipments beginning on November 1, 2019.
“This adjustment in price is driven by increases in key elements relating to the manufacture of products, namely adhesive components, energy costs, freight and labor,” said Adam Wood, vice president of paper and industrial converted products, Europe, Middle East and Australia/New Zealand. “Despite productivity improvements and cost saving initiatives, we have been unable to offset these cost increases in full.”