SONOCO-ALCORE
Sonoco-Alcore Announces Coreboard and Core Increase In Europe
BRUSSELS, Belgium, March 18/PRNewswire/ -- Sonoco-Alcore will
raise prices on coreboard and cores and tubes effective April 18,
2005, it was announced today by James Harrell, chief executive officer
of Sonoco-Alcore.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO )
Coreboard prices will increase between 40 and 60 Euro per ton
based on grade. Core and tube prices will increase an average of 6
percent, with specific prices based on specification and type.
'Market conditions have not allowed us to recover growing costs
for energy, transportation, packaging and chemicals. While we have
diligently increased productivity improvements and implemented
cost-cutting initiatives to help offset the deflationary price
environment over the past three years, we cannot continue to absorb
increasing cost pressure,' said Harrell.
'We will continue to work with our customers to identify and
implement additional productivity improvements to help offset rising
costs,' added Harrell.
Sonoco-Alcore is owned by Sonoco and Ahlstrom Corporation and
operates 39 core and tube plants and six paper mills throughout
Europe.
Web site: http://www.sonoco.com
Source: Sonoco-Alcore
Allan V. Cecil, Vice President, Sonoco, +1-843-383-7524, or
allan.cecil@sonoco.com /
Photo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO ; AP
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18 mrt 05 16:18