In addition to the knowledge that used industrial packaging is responsibly handled, EarthMinded LCS offers savings to customers who want to reduce their total cost of packaging ownership. The collection service provides a practical alternative to storing used industrial packages on site or transporting them for disposal, with the attendant trucking costs and disposal fees. The reconditioning operations generate industrial packaging that is sold at a discount to new packaging and consequently re-introduced into the supply chain. Industrial packaging that cannot be remanufactured or reconditioned is properly recycled.
"Another core benefit is time savings for our customers," Lister said. "EarthMinded LCS provides one-stop convenience, giving each customer the ability to manage the industrial packaging needs of one or multiple sites, from the collection of used to the delivery of reconditioned and new industrial packaging.
"While some in the industry may be constrained by their inability to acquire enough used industrial packaging to meet demand, as the world's largest reconditioner we can attract the amount of reusable industrial packaging to maintain a consistent supply. Our customers can be assured that we have the financial and physical resources to serve them well into the future."
About EarthMinded™ Life Cycle ServicesCurrently composed of pack2pack with operations in Austria, Belgium, France, Germany, the Netherlands, Norway and the United Kingdom; the joint venture Container Life Cycle Management; and network participants, EarthMinded Life Cycle Services delivers reconditioned and remanufactured industrial packaging and related services throughout Europe and North America. Through its integrated network, the business provides the most reliable, cost-effective one-stop service possible to member customers who have one site or several in multiple countries. Already the world's largest industrial packaging reconditioner, EarthMinded LCS will continue to grow worldwide through acquisitions, green field development and with the selective addition of other environmentally responsible companies into the network. Additional information is on the EarthMinded™ website at www.earthminded.com/lifecycleservices/about. About Greif, Inc. Greif is a world leader in industrial packaging products and services. The company produces steel, plastic, fibre, flexible, corrugated and multiwall containers and containerboard, and provides reconditioning, blending, filling and packaging services for a wide range of industries. Greif also manages timber properties in North America. With $3.5 billion in sales, the company is strategically positioned in more than 55 countries to serve global as well as regional customers. Additional information is on the company's website at www.greif.com. SOURCE EarthMinded Life Cycle Services
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts