Greif has launched a lightweight, high-performance jerrycan in Brazil suitable for packaging agrochemicals, chemicals, flavors, fragrances, and beverages. The JCR20L is almost 20 percent lighter than the standard 20-liter jerrycan. The reduced weight accommodates up to seven percent more jerrycans per pallet and 6.7 percent greater warehouse storage capacity. In addition, the lighter weight means lower collection costs for recycling. Internal analysis indicates that the combination of these factors amounts to a 25 percent reduction in CO2 emissions compared to the standard 20-liter jerrycan.

"Reflecting on my first year, I am proud of the International Paper team for embracing transformational change and achieving tremendous progress together," said Andy Silvernail, Chief Executive Officer. "We deployed 80/20, focusing on our most valuable customers and aligning our resources accordingly. We launched key initiatives to drive step-change improvement in our performance, and invested to grow in the most attractive markets. Most recently, we welcomed our DS Smith colleagues and outlined our strategic direction at our Investor Day." "This year's first quarter results reflect higher sales and earnings, primarily driven by the DS Smith acquisition, sales price increases, and cost out," Silvernail added. "We also made good progress on growing our market position in our North American packaging business. Overall market demand, however, was softer than anticipated in both of our regions. As expected, our free cash flow was temporarily impacted by transformation costs and incentive compensation payout. In this uncertain macroeconomic environment, we are focusing on actions within our control as we accelerate our 80/20 execution to drive commercial excellence and cost out across the company."

Amid rising demand for its consumer brands, which include Huggies® diapers, Kleenex® tissue, Depend® incontinence products, Scott® kitchen towels, and Cottonelle® bath tissue, these investments will significantly enhance its US manufacturing capacity, accelerate its innovation plans and support its ambitious growth targets. This broad-based investment program centers on two transformative projects: a new advanced manufacturing facility in Warren, Ohio, and an expansion of its Beech Island, South Carolina, site with a state-of-the-art automated distribution center. It also includes additional capital expenditure linked to innovation and automation upgrades across its North America supply chain network. These projects are expected to create more than 900 highly skilled jobs in industrial automation and advanced manufacturing.