Greif to Increase Price for Uncoated Recycled Paperboard, Tube and Core and Protective Packaging Products

Jan. 5, 2024 - Greif, Inc. today announced it is implementing a $40 to $70 per short ton 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 5, 2024. The tube and core and protective packaging increase is effective with shipments on and after February 12, 2024.

In a press release, Greif said, "The URB price increase is in response to increased raw material, energy, labor and transportation costs and maintenance expenses as well as increasing demand across the Greif paperboard network. The tube and core and protective packaging products price increase is a consequence of the URB price increase, the primary raw material contained in those products."

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.

SOURCE: Greif, Inc.