Greif Bros. Corporation awarded worldwide steel drum business by Dow Chemical Company
Through the agreement, Greif will supply 55-gallon heavy-gauge steel drums, including a standard design, to over 60 Dow chemical operations as well as terminal facility partners around the world. Dow uses Greif's steel drums to ship their chemical products.
Greif, and its recently acquired Van Leer Industrial Packaging business, have been steel drum suppliers to Dow for many years. This agreement combines the current Greif and Van Leer business, provides Greif with additional business in Europe, Asia, Africa and Latin America and includes opportunities to expand sales as Dow's chemical business grows.
In addition to steel drums, Greif also supplies Dow with fibre drums and plastic drums, primarily in North America, through separate agreements.
"We are very pleased to partner with The Dow Chemical Company in providing high-quality steel drums for the safe and secure transport of their chemical products throughout the world," stated Michael M. Bixby, Vice President of Global Business for Greif's industrial shipping containers business. "We look forward to our long-term relationship that is focused on global standardization, quality and business efficiency."
"Dow requires standardized packaging and seamless service throughout the world to better serve our global customers," said Kees van Burg, Dow's Global Supply Manager for industrial packaging. "Greif meets these requirements through its worldwide network of industrial packaging operations and dedication to steel drum technology and manufacturing quality."
Greif Bros. Corporation is a world leading provider of industrial packaging, which includes steel, fibre and plastic drums, intermediate bulk containers and drum closure systems. The Company also produces corrugated containers, multiwall shipping bags, water bottles, containerboard and timber. Greif has approximately 11,000 employees in 40 countries. In March 2001, Greif purchased Van Leer Industrial, a European-based industrial packaging company. Pro forma sales for the combined companies in 2000 were $1.9 billion.
The Dow Chemical Company is a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of approximately $30 billion, Dow serves customers in more than 170 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of Sustainable Development, Dow and its 50,000 employees seek to balance economic, environmental and social responsibilities.
Source: Greif Bros. Corporation