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Greif opens Kazan plant
Greif, Inc. (NYSE: GEF, GEF.B) recently opened its eighth industrial packaging plant in Russia. Located in Kazan, the new plant currently produces intermediate bulk containers (IBCs). By the end of 2008, the plant will also produce plastic canisters and large steel drums, and employ nearly 100 people.Greif Chairman, CEO and President Michael J. Gasser said, “Russia continues to be an important growth market for Greif, and we are committed to providing our customers in the country with world-class quality, cost-effective industrial packaging and services for their products. Our Kazan operation adds the new element of IBCs to our existing Russian product portfolio of steel drums and water bottles. We are excited about our new capability and the benefits it brings to our customers in the region.”
