It's National Forest Products Week, a nationally designated time to recognize the contributions of forest products in our everyday lives. A world without the comfort and convenience of forest products is hard to imagine: A cold without tissues – no thank you! A sturdy wood frame for our home – it's a staple of generations. Corrugated boxes delivered to our doorstep – yes, please! The U.S. forest products industry is also one of our country’s greatest success stories. The industry accounts for approximately 4 percent of the total U.S. manufacturing GDP and employs over 900,000 men and women at a payroll of approximately $50 billion per year. click Read More below for additional detail
Sonoco-Alcore S.a.r.l. today announced it will raise prices for paper-based tubes and cores by at least 5.5 percent, depending on the type of product, to all customers in Italy and Spain effective with shipments beginning on 13th July.
“After a period of stability in our base raw materials, we are now seeing market rises in OCC (old corrugated containers) in a number of European countries. With Asian countries again sourcing raw materials in Europe, supply has become constrained and naturally prices are rising. The most recent sustained moves have been in Italy and Finland. While we have yet announced changes in Finland, we continue to monitor this situation closely,” said Karsten Kemmerling, director of sales and marketing, Tubes and Cores, Europe. “We are doing all we can to keep costs under control, but with coreboard rising by €50 per ton, we can no longer absorb these and other costs without adjusting our selling prices for tubes and cores.”
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 a mill and three tube and core converting facilities in Italy and one plant in Spain.