Greif Announces Price Increase for Uncoated Recycled Paperboard (URB), Tube and Core and Protective Packaging Products
Greif (NYSE: GEF) has announced significant price increases across multiple product lines.
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Rhea-AI Summary
Greif (NYSE: GEF) has announced significant price increases across multiple product lines. The company will implement a $50-$70 per short ton price increase for all grades of uncoated recycled paperboard (URB) products, effective April 21, 2025. Additionally, a minimum 7.5% price increase will be applied to all tube and core and protective packaging products, effective April 28, 2025.
The company attributes these price adjustments to rising manufacturing costs for URB products. The subsequent increase in tube and core and protective packaging prices is directly linked to URB being the primary raw material in these products.
Positive
- Price increases across product lines will help offset rising manufacturing costs
- Company demonstrates pricing power in core business segments
Negative
- Higher prices may impact sales volume and customer relationships
- Rising manufacturing costs affecting profit margins
Details
News Market Reaction – GEF
The recorded move for GEF in the trading session of this news was +1.00%.
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DELAWARE, Ohio, March 18, 2025 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, announced today it is implementing a price increase between
The uncoated recycled paperboard increase is effective with new orders and shipments on and after April 21, 2025. The tube and core and protective packaging increase is effective with shipments on and after April 28, 2025.
The uncoated recycled paperboard price increase is in response to increasing manufacturing costs for our products. 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.
About Greif
Greif is a global leader in industrial packaging products and services and is pursuing its vision: be the best customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, jerrycans and other small plastics, containerboard, corrugated sheets and products, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides filling, packaging and other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company has a workforce of more than 14,000 colleagues operating across 248 facilities in 37 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com.
For media inquiries, please contact:
Bill D’Onofrio
VP, Corporate Development & Investor Relations
bill.donofrio@greif.com / +1 740-549-6026
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