Greif Boosts Price For URB, Tube And Core Packaging Products

Industrial packaging products provider Greif Inc GEF has increased the price for all grades of uncoated recycled paperboard (URB) by $70 per ton and an 8.5% rise on all tubes and core and protective packaging products.
The latest price rise comes after Greif's $50 per ton price increase announced on July 26, 2021, for the recycled paperboard and a 6% price hike for tube and core and protective packaging products announced on August 6, 2021.
The uncoated recycled paperboard price hike is effective on August 10, with new orders and shipments on and after September 13, 2021.
The increase in tube and core and protective packaging products will be effective with shipments on and after September 24, 2021.
Price Action: GEF shares closed higher by 1.23% at $61.92 on Tuesday.