Greif’s Paper Packaging and Services (PPS) business has announced two significant investments in its recycling operations to support its growth strategy in sustainable paper packaging solutions. A new 81,000-square-foot paper recycling facility for collecting, processing, and baling has opened in Florence, Kentucky, bringing Greif’s total number of recycling facilities across North America to 19. In addition, Greif has more than doubled the size of its paper fiber recycling plant in Nashville, Tennessee, to enhance efficiency and support accelerated growth. The expanded facility covers a floor space of 72,000 square feet. Both plants are located in areas where demand for a collection of waste fiber and the supply of recycled paper and board is experiencing continued growth.
Caraustar Industries, Inc. announced a minimum price increase of 9.0% on all protective packaging products. The increase will be effective with orders placed on and after July 19, 2018.
The increase is in response to strong market dynamics and inflationary cost pressures in transportation (both inbound and outbound) and chemicals.