Greif, Inc. launched ModCan™, a modular packaging solution for safely shipping diverse materials, enhancing efficiency and safety.
Quiver AI Summary
Greif, Inc. has announced the launch of ModCan™, a new modular packaging solution aimed at enhancing the efficiency and safety of shipping and storing various materials and waste. Introduced at the Pack-Expo conference in Chicago, ModCan features a unique wedge-shaped design that fits into a standard Greif 55-gallon drum, allowing different materials or chemicals to be transported together without contamination. This innovative approach reduces shipping frequency and minimizes the risks associated with transferring materials into larger containers, making it particularly beneficial for industries like specialty manufacturing and pharmaceuticals. The concept was developed in collaboration with a long-term partner and Greif's Innovation Team, emphasizing the company's commitment to sustainable and versatile packaging solutions. ModCan is currently available in North America.
Potential Positives
- Launch of ModCan™, an innovative modular packaging solution, enhances efficiency and safety in shipping and storing dissimilar materials and waste.
- Unique design allows for reduced shipments and improved safety by avoiding the need to transfer materials into larger containers.
- ModCan addresses critical needs in industries such as specialty manufacturing, semiconductor operations, and pharmaceuticals, potentially expanding Greif's market reach.
- Development of ModCan reflects collaboration with industry partners and in-house innovation, showcasing Greif's commitment to sustainable and versatile packaging solutions.
Potential Negatives
- ModCan is currently only available in North America, potentially limiting market reach and revenue opportunities in other regions.
- The announcement of ModCan may highlight a dependence on partnership for innovation rather than internal research and development capabilities.
- Failure to address potential environmental impacts or regulatory compliance related to the packaging of chemicals and waste could raise concerns among stakeholders.
FAQ
What is ModCan by Greif?
ModCan is an innovative modular packaging solution designed to improve the efficiency and safety of shipping dissimilar materials and waste.
How does ModCan enhance shipping efficiency?
ModCan's unique wedge-shaped design optimizes space in a 55-gallon drum, reducing shipment numbers and enhancing safety during transport.
Who can benefit from using ModCan?
ModCan is particularly useful for industries like specialty manufacturing, semiconductor operations, clean rooms, laboratories, and pharmaceutical production.
Where is ModCan currently available?
ModCan is currently available in North America, providing a versatile solution for various industries.
How was ModCan developed?
ModCan was developed in collaboration with a longstanding partner in the chemical industry and refined with Greif's in-house Innovation Team.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GEF Hedge Fund Activity
We have seen 108 institutional investors add shares of $GEF stock to their portfolio, and 140 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INVESCO LTD. added 144,937 shares (+134.2%) to their portfolio in Q3 2024
- MEDINA VALUE PARTNERS, LLC added 129,207 shares (+inf%) to their portfolio in Q3 2024
- LSV ASSET MANAGEMENT removed 126,621 shares (-14.0%) from their portfolio in Q3 2024
- AQR CAPITAL MANAGEMENT LLC removed 83,131 shares (-22.3%) from their portfolio in Q3 2024
- ALLIANZ ASSET MANAGEMENT GMBH added 70,871 shares (+63.0%) to their portfolio in Q3 2024
- MARSHALL WACE, LLP removed 69,806 shares (-100.0%) from their portfolio in Q3 2024
- DIMENSIONAL FUND ADVISORS LP added 67,936 shares (+3.6%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DELAWARE, Ohio, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced at the Pack-Expo conference in Chicago the launch of ModCan™, an innovative modular packaging solution designed to improve efficiency and safety in shipping and storing dissimilar materials and waste.
Using a unique wedge-shaped design, the modular components are engineered to fit precisely into a Greif 55-gallon drum, allowing multiple materials, chemicals, or waste components to be shipped together without fear of contamination or exposure. By optimizing the available space inside a single drum, ModCan reduces the number of shipments required and improves safety by eliminating the need to transfer or consolidate materials into larger containers.
This is particularly useful for waste applications in specialty manufacturing, semiconductor operations, clean rooms, laboratories, and pharmaceutical production.
“We’re very proud of ModCan and the way it was developed,” said Geoff Westphal, Director of Sustainable Innovation at Greif. The initial concept originated from a longstanding partner whose experience in the chemical industry proved that a more sustainable, efficient, and versatile packaging solution was possible. With the support of our in-house Innovation Team, we were able to refine this concept and bring it to market. We firmly believe ModCan will be a game changer for industrial waste management and other applications where different materials benefit from being shipped together safely and securely.
ModCan is currently available in North America. For more information, please visit greif.com/modcan .
About Greif
Greif is a global leader in industrial packaging products and services and is pursuing its vision: be the best customer service company in the world. The Company produces steel, plastic and fiber drums, intermediate bulk containers, reconditioned containers, jerrycans and other small plastics, containerboard, corrugated sheets and products, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company has a workforce of over 14,000 colleagues spread across more than 250 facilities in 37 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com .
Contact:
Geresa Gonsalves-Joe
+1 (843) 368-0052
geresa.gonsalves@greif.com