Packaging producer Greif, headquartered in Delaware, Ohio, has announced a price increase for all grades of uncoated recycled paperboard (URB) and coated recycled paperboard (CRB) effective with new orders and shipments on and after June 6.
Both URB and CRB prices will be increased by $50 per ton.
The company says the recycled paperboard increases are in response inflationary cost increases in transportation, energy, labor, chemicals, maintenance and other raw materials and continued strong demand across the Greif paperboard and converting network.
Recent data suggests transportation and warehousing costs aren't coming down anytime soon. The U.S. Bureau of Labor Statistics shows a 4.5 percent increase in the producer price index from February to March.
The company's previous two price increases were less than 1 percent.
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