BRUSSELS, Belgium, July 27 /PRNewswire-FirstCall/ -- Sonoco-Alcore
S.a.r.l. will increase paper-based core and tube prices effective September
18, 2006, across the U.K. and European continent by 8 to 12 percent,
depending on region and current contractual terms with customers, it was
announced today by James Harrell, chief executive officer, Sonoco-Alcore
S.a.r.l.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991006/SNCLOGO )
"This core and tube price increase reflects the need to recover the
negative impact on manufacturing costs of additional price increases by
producers of uncoated, recycled coreboard and continued increases in costs
for energy, transportation and packaging raw materials," said Harrell.
Sonoco-Alcore S.a.r.l. is owned (64.5 percent) by Sonoco (NYSE: SON)
and (35.5 percent) by Ahlstrom Corporation, Finland, and operates 28 core
and tube plants and six paper mills throughout Europe. Sonoco and Ahlstrom
announced earlier this week an agreement whereby Sonoco expects to acquire
Ahlstrom's interest in the Sonoco-Alcore operations in the third quarter of
2006, pending approval by certain local regulatory authorities.
SOURCE Sonoco-Alcore S.a.r.l.
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Related links:
http://www.sonoco.com
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CONTACT:
Allan V. Cecil, Vice President, Sonoco,
+1-843-383-7524, or allan.cecil@sonoco.com
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