Greif to Increase Prices On All Uncoated Recycled Paperboard Grades and Tube, Core, Protective Packaging

Jan. 19, 2022 - Greif, Inc. 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.

In a press release, Greif said, "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."

Greif (NYSE: GEF, GEF.B) 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, visit: www.greif.com.

SOURCE: Greif, Inc.