Greif to Increase Price for All Grades of Uncoated Recycled Paperboard by $50/ton
April 16, 2020 - Greif, Inc. announced today that it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB), effective with shipments beginning May 18, 2020. Greif also announced a $50 per ton price increase for all grades of coated recycled paperboard (CRB) to customers on April 13, 2020, effective with shipments beginning May 13, 2020. Both price increases are in response to cost pressures in labor, recycled fiber, transportation, chemicals used in production and other recycled paperboard input materials, as well as supply-demand balance, Greif said in a written statement. About Greif, Inc.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. For further information, visit: www.greif.com. SOURCE: Greif, Inc. |