Industrial packaging product company Greif will increase prices for all grades of uncoated recycled paperboard by $60 per short tonne.

In addition, tube, core and protective packaging products will see an increase of at least 6.5%.

The change for uncoated recycled paperboard applies to new orders and deliveries from 6 July 2026.

For tube, core and protective packaging products, the higher pricing takes effect for shipments from 13 July 2026.

According to Greif, the paperboard increase reflects higher raw material and freight expenses, together with growing demand for these products.

The increase said the rise for tube, core and protective packaging products follows increases in paperboard and adhesive costs, which are the main inputs used in those products, as well as higher transport expenses and stronger demand in the markets it supplies.

Established in 1877, Greif operates in more than 35 countries.

For the second fiscal quarter of 2026, the company posted net income of $12.6m, down 32.3% from $18.6m a year earlier.

Adjusted EBITDA rose 7.5% to $156.8m from $145.9m.

Total debt was down by $1.76bn, after the repayment of $1.86bn of debt using proceeds from the sale of the containerboard and the timberlands businesses.

At the time, Greif CEO Ole Rosgaard said: “We are building for organic growth through operational execution, commercial discipline, and continuous improvement, while complementing that with targeted tuck-in M&A, where we will remain selective and focused on value.

“We are not yet seeing a demand inflection, and geopolitical developments, including the ongoing conflict in the Middle East, continue to weigh on industrial activity. As a result, we are taking a more conservative outlook and managing the business accordingly, with a focus on cost control, cash generation, and disciplined execution.”

Last year, Greif concluded the divestment of its containerboard business to Packaging Corporation of America (PCA).

The agreement, first announced in July 2025, is valued at $1.8bn.