Sonoco-Alcore To Hike Tube & Core Prices In EMEA Region

Sonoco-Alcore S.a.r.l., wholly-owned by Sonoco Products Co SON, will raise prices by 10% on all tube and core grades sold in EMEA regions, citing inflationary pressure on the business.
The increase will be effective for all shipments made on or after December 13, 2021.
“Even with a strong focus on implementing productivity initiatives, they are not enough to offset inflationary pressures from energy, packaging, transportation, adhesives, and raw materials,” said Karsten Kemmerling, Division VP - Sales & Marketing EMEA.
Price Action: SON shares are trading higher by 1.34% at $58.88 on the last check Thursday.

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