Greif to Shutdown Number 1 Paperboard Machine at Its Mobile, Alabama Mill
Oct. 15, 2019 - Greif, Inc. today announced that it is ceasing operations at its Number 1 paperboard machine at the Mobile Paperboard Mill in Mobile, Alabama. The Number 2 paperboard machine at the mill will continue to operate normally. Greif told PaperAge that the Number 1 machine has an annual production capacity of 64,965 tons of uncoated recycled board (URB).
In a written statement, Greif said, "This action will help to reduce the Mobile Mill's ongoing operating costs and capital needs." The Mobile Paperboard Mill bcame part of Greif through Greif's $1.8 billion acquisition of Caraustar Industries, which was completed in February 2019. Greif is a global leader in industrial packaging products and services. 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. To learn more, please visit: www.greif.com. SOURCE: Greif, Inc. |