Oji Holdings Corporation, a leader in the pulp and paper industry of Japan, decided to start-up a new containerboard machine at Paperboard & Packaging Sdn Bhd (GSPP) located in Malaysia. The company plans to commence the operation in April 2021. According to the announcement, by starting a new container manufacturing machine, Oji wants to be able to respond to the mentioned business, business and business expansion. The investment into 450ktpa machine accounts for around JPY 35 billion (including containerboard machine and equipment for energy supply and water treatment). The machine will produce liner, corrugating medium.
Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that it is implementing a $60 per ton price increase for all grades of uncoated recycled paperboard (URB) and a minimum 7.0 percent increase on all tube and core and protective packaging products. The uncoated recycled paperboard increase is effective today with new orders and shipments on and after November 8, 2021. The tube and core and protective packaging products increase is effective with shipments on and after November 22, 2021. These price increases are in addition to previously announced increases and are in response to strong demand across the Greif paperboard and converting network and increasing energy, transportation, labor and other input costs.