Sonoco-Alcore to Increase Tube & Core Prices in the EMEA Region

Core Insights - Sonoco-Alcore S.a.r.l. will increase prices by 7% on all tube and core grades in the EMEA regions due to ongoing inflationary pressures affecting its cost base, effective from June 15, 2024 [1][2] - The company is experiencing rising costs across all sectors of operations and supply chain, particularly for core board, necessitating the price increase as it can no longer absorb these costs [2] - Sonoco Alcore operates 19 tubes and core plants and five paperboard mills in Europe, including its largest uncoated recycled paperboard mill located in Cirie, Italy [3] Company Overview - Sonoco reported net sales of approximately $6.8 billion in 2023 and employs around 22,000 people across more than 300 operations globally [4] - The company is committed to sustainability and has been recognized as one of America's Most Responsible Companies by Newsweek [4]