Sonoco-Alcore to raise tube and core prices in EMEA by 10%

• Sonoco-Alcore, wholly-owned by Sonoco (NYSE:SON), is set to raise prices on all tube and core grades sold in the company's EMEA regions.
• The prices will be raised by 10% in response to the continued inflationary pressure on the business. The change will be effective for all shipments made on or after December 13, 2021.
• "We continue to experience further cost increases in all sectors of our operations and supply chain. 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. As such, we are forced to pass on cost increases to the market,” said Karsten Kemmerling, Division VP - Sales & Marketing EMEA.