Greif to Increase Price on All Uncoated and Coated Recycled Paperboard Grades

May 6, 2022 - Greif announced that it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) and coated recycled paperboard (CRB).

The recycled paperboard increase is effective with new orders and shipments on and after June 6, 2022.

Greif said these price increases are in response to inflationary cost increases in transportation, energy, labor, chemicals, maintenance, and other raw materials and continued strong demand across the company's paperboard and converting network.

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.