Pulp & Paper News

TRANSCRIPT: Greif – 3Q 2014

OAKLAND, CA , Aug. 29, 2014 (RISI) - 

The transcript of Greif's third quarter 2014 conference call on Aug. 28, 2014, with CEO David Fischer, is now available at Seeking Alpha.

EXCERPT: As previously announced, we will cease operations at our KSA Fabric hub at the end of the month. Plans are being implemented to move the equipment from that facility to other areas such as Mexico and Vietnam. Over the next several quarters, the shape of our network will change from the original hub-and-spoke system to one where production is geographically aligned to be more responsive to our customers' needs. These changes will contribute to increased efficiencies, reduced fixed costs, and shorter supply chains, helping us compete better in 2015.

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