The hike would apply to all European markets except the UK and Spain.
The producer ascribed the move to the need to reach desirable paper price levels and improve the firm's profitability. Emin Leydier said that the hike is driven by healthy demand for containerboard in Europe and continuing low levels of stocks at mills.Read more
"We have absorbed higher energy, freight and other material prices throughout 2013 and the current market conditions are such that we must finally increase prices of coreboard and uncoated recycled board," said Phil Woolley, director, Sonoco Alcore Paper.
Sonoco Alcore S.a.r.l. is wholly owned by Sonoco and operates 28 tube and core plans and five paperboard mills in Europe.Read more
"We have been receiving more orders than in July," a recycled paper producer stated.Read more
Higher raw material costs are driving this price increase. This price increase is necessary to ensure continued investment in this product area and to support our customers' growth.
Customers who have questions about this increase are asked to contact their Ashland sales representative.Read more
The increase applies to Graphic Packaging's Omni-Kote, Pearl-Kote and Aqua-Kote SUS grades.
MeadWestvaco last week set a $50 price increase on its coated natural kraft (CNK) also called CUK effective Sept. 1.Read more
SAN FRANCISCO, July 18, 2013 (RISI) -MeadWestvaco has informed customers of a $50/ton price hike on its grades of coated unbleached kraft (CUK) paperboard effective Sept. 1, according to market contacts.
The increase follows a mostly successful price increase in March-May that lifted prices by $45 of an announced $50.