Greif to Raise Price of Plastic Drums for North America Customers

Greif to Raise Price of Plastic Drums for North America Customers



DELAWARE, Ohio, April 6  /PRNewswire-FirstCall/ -- Experiencing escalating cost
pressures for raw materials, Greif, Inc., (NYSE: GEF; GEF.B) has announced a
price increase of up to 12 percent, effective April 25, 2005, for its North
American customers of plastic drums.

Greif is taking the step in response to continuing high crude oil and natural
gas prices, which are driving up prices for polyethylene. Polyethylene is a
primary feedstock for Greif's plastic drum manufacturing business.

Customers in North America have been notified by letter of the new pricing for
plastic drums.

Greif is the world leader in industrial packaging products and services. The
company provides extensive experience in steel, plastic, fibre, corrugated and
multiwall containers and protective packaging for a wide range of industries.
Greif also produces containerboard and manages timber properties in North
America. Greif is strategically positioned in more than 40 countries to serve
global as well as regional customers. Additional information is on the
Company's Web site at http://www.greif.com/ . 

DATASOURCE: Greif, Inc.



CONTACT:  Deb Strohmaier, APR, Director, Communications of Greif, Inc.,

[phone], or  



Web site:  http://www.greif.com/ 

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