Greif Announces Price Increase for Uncoated Recycled Paperboard (URB)

Core Points - Greif, Inc. announced a price increase of $50 to$70 per short ton for all grades of uncoated recycled paperboard (URB) products, effective from July 8, 2024 [1][2] - The price increase is attributed to rising costs in raw materials, energy, labor, and transportation, alongside increasing demand for URB products [2] Company Overview - Greif is a global leader in industrial packaging products and services, producing a wide range of products including steel, plastic, and fiber drums, intermediate bulk containers, and various types of paperboard [3] - The company operates over 248 facilities in 37 countries, employing more than 14,000 colleagues to serve both global and regional customers [3]