Greif Inc., an industrial packaging business based in Delaware, Ohio, is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) and an 8.5 percent increase on all tube and core and protective packaging products.
According to a news release from Greif, the URB increase went into effect Aug. 11 with new orders and shipments on and after Sept. 13. This is in addition to a $50 per ton price increase implemented July 26.
The tube and core and protective packaging products increase will go into effect with shipments on and after Sept. 24. This is in addition to the 6 percent price increase implemented Aug. 6.
The company says these price increases come in response to continued robust demand across the Greif paperboard network and ongoing cost pressures with raw materials, labor and transportation.