Sonoco Products Company announced it is implementing a €60 per metric ton price increase for all grades of core board and paperboard in Europe. This price adjustment will be effective with all deliveries from April 7, 2025.
Adam Wood, Vice President, Industrial Paper Products Europe, stated that the pricing decision is necessitated by a general shortage of Old Corrugated Containers (OCC), which is the primary raw material for core board production. Elevated energy costs are also contributing to the need for the increase.
Wood noted that OCC generation has been low across Europe, leading to rising prices in March, with further increases expected. The company indicated that despite hopes for energy price reductions, this has not materialized, and gas storage levels remain low across Europe.
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