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News, Press Release

Greif Announces Price Increase for Uncoated Recycled Paperboard (URB), Tube and Core, and Protective Packaging Products

DELAWARE, Ohio, January 5, 2024 (GLOBE NEWSWIRE) — Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, announced today 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.

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.

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