Greif Announces $50 Per Ton Price Increase on All Uncoated Recycled Paperboard Grades
Oct. 20, 2020 - Greif, Inc. today announced that it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) effective with shipments on or after Monday, November 9th, 2020.
In a written statement, Greif said, "This price increase is in response to cost pressures in transportation, insurance, labor, and chemicals and other direct materials, as well as the supply-demand balance across the Greif paperboard network."
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.