Net sales in the Consumer Products segment were $223.3 million for the first quarter of 2019, down 6.5% compared to first quarter 2018 net sales of $238.8 million. This decrease was due to lower volumes sold, including the impact from the divestiture of the Ladysmith, Wisconsin mill in August 2018, partially offset by higher average prices for both retail and non-retail tissue products and a favorable mix shift to ultra-quality products. Segment operating income and margin for the first quarter of 2019 was $1.3 million and 0.6%, compared to operating income and margin of $1.6 million and 0.7%, respectively, in the first quarter of 2018. Net sales in the Pulp and Paperboard segment were $205.4 million for the first quarter of 2019, up 3.7% compared to first quarter 2018 net sales of $198.1 million. The increase was due to higher paperboard prices, partially offset by lower sales volume. Segment operating income and margin for the first quarter of 2019 were $29.4 million and 14.3%, compared to $26.2 million and 13.2%, respectively, for the first quarter of 2018. Click Read More below for additional information.
Greif, a global leader in industrial packaging products and services, has announced an increase in pricing on steel drums due to escalating raw material and other input costs. Existing customers have been advised of the 5.0% increase on steel drums. New market pricing goes into effect with shipments in the U.S. and Canada beginning on March 09, 2017.
“We want to assure our customers that we are doing everything possible to mitigate the volatility in costs. Greif continues its dedication to providing its customers with the best quality, service, and overall value for their industrial packaging requirements,” explains Ole Rosgaard, Division President, Americas.