It mystifies as to why Greif has been so unsuccessful during the past 4-5 years in the corrugated box business. Except for one plant, Greif removed corrungators from all their conversion plants, choosing to supply board from their CorrChoice Division. Immediate losses at their conversions plants mounted to $100,000/month more folling this decsion.

Greif had losses averaging at least $200,000-250,000 a month at their Toledo facility until its assets were bought by Welch Pkg. in 12-2008. Welch has been postings earnings of $100,000/month at this facility. They do not buy their paper from CorrChoice. What was the problem with Greif and their corrugated division business plan?