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., +1-740-549-6074, or Web site: http://www.greif.com/

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