Greif, a global leader in industrial packaging products and services, announced today it will permanently cease production on the Number 1 Paperboard Machine (A1) in\u00a0Austell, GA\u00a0and permanently close the containerboard and uncoated recycled paperboard (URB) mill in\u00a0Fitchburg, MA.<\/p>\n\n\n\n
\u201cDecisions like these are extremely difficult because of the impact it has on our colleagues and their families, as well as the larger community,\u201d said President and CEO\u00a0Ole Rosgaard<\/strong>. \u201cWe are grateful to our colleagues in\u00a0Austell\u00a0and\u00a0Fitchburg\u00a0for their contributions to the company and are committed to helping them navigate next steps by providing severance benefits and outplacement assistance.\u201d<\/p>\n\n\n\n In total, approximately 140 positions will be impacted. Ceasing production at A1 \u2013 a non-integrated URB asset for the company – is a result of increased cost and declining demand in its major end use markets of furniture, books, and binders. The combination of high operating costs and the need for significant capital investment were the determining factors in the decision to close the Fitchburg mill. Together, these actions will reduce the containerboard capacity of Greif\u2019s mill network by 100,000 tons, and URB capacity by 90,000 tons.<\/p>\n\n\n\n \u201cWe believe strongly in the fundamentals of our business. These strategic actions will refine our participation in the market and help us maximize the profitability of our mill network and our overall business portfolio\u201d said Rosgaard. The company expects to cease production on the A1 asset by the end of March 2025 and Fitchburg by May 2025.<\/p>\n","protected":false},"excerpt":{"rendered":" Greif, a global leader in industrial packaging products and services, announced today it will permanently cease production on the Number 1 Paperboard Machine (A1) in\u00a0Austell, GA\u00a0and permanently close the containerboard and uncoated recycled paperboard (URB) mill in\u00a0Fitchburg, MA. \u201cDecisions like these are extremely difficult because of the impact it has on our colleagues and their<\/p>\n","protected":false},"author":1,"featured_media":16008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[810],"class_list":{"0":"post-16007","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corrugated-folding-carton","8":"tag-greif"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/16007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=16007"}],"version-history":[{"count":1,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/16007\/revisions"}],"predecessor-version":[{"id":16009,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/16007\/revisions\/16009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/16008"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=16007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=16007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=16007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}