Just Paper Tubes Ltd. (JPT) is advising its stakeholders of an upcoming price adjustment announced by Sonoco, one of the largest suppliers in the paper and packaging industry globally. JPT anticipates this announcement to significantly influence market dynamics and cost bases.
"Effective April 15, 2024, Sonoco will implement a €60 per ton and £50 for the UK market increase for all grades of uncoated recycled paperboard (URB) sold in Europe," according to Sonoco. "This price adjustment has become necessary to offset the higher input cost caused by general inflation and the current challenging economic climate."
Source: Sonoco Products Company
Just Paper Tubes Ltd. (JPT), as one of the leading cardboard tube and paper core manufacturers in the UK, is resolute in navigating our stakeholders through notable market shifts. We maintain our promise of clear and open communication with our customers and partners, presenting the following insights:
"We are acutely aware of the industry challenges posed by the reduced activity across Europe, driven by high interest rates aimed at controlling inflation, which is a consequence of the economic repercussions from the deplorable Russian invasion of Ukraine and the aftermath of the pandemic. "
"These challenges have placed unsustainable cost pressures on industries with substantial overheads, such as papermaking. JPT is dedicated to supporting our stakeholders & customers whilst seeking sustainable solutions for the industry's long term future."
Harry Coates, Managing Director, Just Paper Tubes ltd
Should customers have any concerns, they are encouraged to reach out to their JPT contact for more information and clarifications on impact.
