Corenso announces price increases of up to 7% for cores in the UK
Coreboard prices in the UK and throughout Europe increased considerably during 2018 due to a combination of robust demand, reduced availability following earlier mill closures and movement in foreign exchange rates. The cost of other raw materials, transport and labour have also increased by more than general inflation. Although we are working in partnership with our customers to offset the impact of cost increases by improving efficiency and optimising our product portfolio, it has become necessary to pass on some of this cost inflation through price increases.
Corenso China: new General Manager to take the lead & investment in Foshan core plant
Corenso is pleased to welcome Mr Simon Xie as the new General Manager of Corenso China. Simon will lead the three core plants in Hangzhou (Zhejiang province), Suzhou (Jiangsu province), and Foshan (Guangdong province) as they pursue our strategy for future development and growth in the region. As part of this plan for growth, we are pleased to announce that a new production line has been installed in Foshan to manufacture parallel wrapped seamless cores, meeting the highest requirements of the flexible packaging industry.
Corenso announces investment in a new multi-knife cutter to strengthen its product offering
Corenso is pleased to announce completion of the latest in a series of investments in its core converting operations in Germany. The core plant in Krefeld is now equipped with a new in-line high-speed multi-knife cutting system which will enable it to better meet the ever-increasing quality requirements of customers, especially those in the film and flexible packaging markets.
Corenso announces the acquisition of Mandriladora Leiza S.L. in Spain
Corenso is pleased to announce the acquisition of the business and operations of Mandriladora Leiza S.L. (“Leiza”) a highly esteemed core manufacturer located in Areso in North of Spain. Leiza has a history of 35 years in the core business, serving customers with light-weight cores mainly in the flexible packaging segment. Leiza products include household tubes, tape cores, cash-roll cores and various other small diameter products. A new company, Corenso Leiza S.L., has been established for the purpose of the acquisition. Corenso Leiza will retain all the personnel and will operate from the current premises of Leiza, continuing to serve all existing customers as well as developing new ones.
Corenso announces a price increase of 6-8% for coreboard and cores in Europe
Strong demand for coreboard and cores has created positive pricing momentum in most major European markets in recent months. Despite this, we have not yet fully recovered the impact of the significant increases that occurred in raw material, freight and other input costs during the second half of 2017. Costs have continued to rise in 2018 and unfortunately, further price increases are now necessary. We expect the average level of increase will be 6-8%, although this will be determined on a product- and market-specific basis. The price increase will be effective for all shipments starting 1st of March.