Greif, Inc. Performs Steadily According to BAC Report10 Nov 2011 • by Natalie Aster
LONDON – Worldwide packaging industry player Greif Inc shows stable results in last four years perspective. In July 2011 revenue and net income increased to USD 1121.9 M and USD 62.9 M respectively, a 6.8% and 23.6% increase. The company remains well-performing against the background of current trends:
- Uneven global market recovery
- Rigid industrial packaging demand declined at end of Q3 2011
- Significant commodity cost inflation (First half 2011)
- U.S. containerboard industry
- Investment in growth platforms
Flexible Products & Services
Earth-minded Life Cycle Services
Rigid Intermediate Bulk Containers
- Sustainability movement
Greif set several goals to achieve in 2011:
- Top quartile returns
- Optimize, expand and leverage the Business System
- Maintain financial flexibility
These clear objectives combined with strong financial position will enable Greif to expand and remain prosperous.
Four-year trend reveals 4% and 34.3% positive change in revenues and net incomes, and these numbers tell about successful cost-effective policies and healthy development.
Founded in 1877 and headquartered in Delaware (OH, USA), Greif Inc engages in design and production of packaging products from steel, plastic and fibre. Company serves many industries, among them are automotive; ceramics and glassware; corrugated containers; beverage and bottled water; home and building products; mining; oils, lumber and pulp mills, specialty chemicals including adhesives and sealants, cleaning products and industrial coatings; wire products, and much more. In 1926 Greif makes its IPO and enters SE.
Get all the details on the company’s business prospects from the report “Greif, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Greif, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Oct, 2011
Full analysis of the US Packaging and Containers Industry and the competitive market landscape can be found in the report “US Packaging and Containers Industry Comparative Analysis and Companies Ranking”
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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