Greif Packaging LLC Announces $45 Million Modernization Project at Its Riverville, Virginia Mill

The project is expected to reduce energy consumption at the Riverville containerboard mill by another 10 percent and realize an 11 percent increase in production output.

Dec. 3, 2013 - Greif, Inc. announced that Greif Packaging LLC, a wholly owned subsidiary, plans to make significant improvements to its semi-chemical medium machine located at the company's Riverville, Virginia (USA) mill.

The company expects the $45 million modernization project, which includes enhancements to all sections of the machine, to improve product quality characteristics for customers, reduce costs and increase capacity.

While the largest component of the two-year project is the addition of a shoe press, the machine will also undergo improvements with drive systems, winding and roll handling capabilities.

Upon completion of this project, the company expects to reduce energy consumption mill-wide by another 10 percent and realize an 11 percent increase in production output.

"The modernization of our semi-chemical machine at Riverville represents a critical stage of our 'efficient frontier' strategy in the Virginia mill footprint and is aimed at reducing structural costs and expanding output at this important virgin asset within our portfolio," said Tim Bergwall, vice president, general manager of Paper Packaging, Greif, Inc.

"The resulting product enhancements expected from these projects represent another step toward our goal of being the premier medium supplier to our customers," Bergwall added.

The Riverville mill produces semi-chemical medium and 100% recycled linerboard with an annual capacity of about 500,000 tons per year.

Greif is a world leader in industrial packaging products and services. The company produces steel, plastic, fibre, flexible, corrugated, multiwall and reconditioned containers, intermediate bulk containers, containerboard and packaging accessories, and provides blending, filling, packaging and industrial packaging reconditioning services for a wide range of industries. To learn more visit: www.greif.com.

SOURCE: Greif, Inc.