DELAWARE, Ohio, Jan. 19,
2022 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a
global leader in industrial packaging products and services,
announced today that it is implementing a $50 per ton price increase for all grades of
uncoated recycled paperboard (URB) and a minimum 6.0 percent
increase on all tube and core and protective packaging products.
The uncoated recycled paperboard increase is effective with new
orders and shipments on and after February
14, 2022. The tube and core and protective packaging
products increase is effective with shipments on and after
March 4, 2022. These price increases
are in response to strong demand across the Greif paperboard and
converting network and inflationary cost increases in energy,
labor, transportation, maintenance, chemicals and other raw
materials.
About Greif, Inc.
Greif is a global leader in industrial packaging products and
services and is pursuing its vision: In industrial packaging, be
the best performing customer service company in the world. The
Company produces steel, plastic and fibre drums, intermediate bulk
containers, reconditioned containers, flexible products,
containerboard, uncoated recycled paperboard, coated recycled
paperboard, tubes and cores and a diverse mix of specialty
products. The Company also manufactures packaging accessories and
provides filling, packaging and other services for a wide range of
industries. In addition, Greif manages timber properties in the
southeastern United States. The Company is strategically
positioned in 40 countries to serve global as well as regional
customers. Additional information is on the Company's website
at www.greif.com.
Contacts:
Matt Eichmann
Office: 740–549–6067
Email: matt.eichmann@greif.com
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SOURCE Greif, Inc.