Greif Launches New Modular Packaging Solution
Greif (NYSE: GEF, GEF.B) has unveiled ModCan™, a new modular packaging solution, at the Pack-Expo conference in Chicago. The innovative system features wedge-shaped components designed to fit inside a Greif 55-gallon drum, enabling safe shipment of multiple materials, chemicals, or waste components simultaneously without contamination risks.
The solution aims to optimize shipping efficiency by reducing the number of required shipments and enhancing safety by eliminating the need for material transfers. ModCan is particularly suitable for waste applications in specialty manufacturing, semiconductor operations, clean rooms, laboratories, and pharmaceutical production. The product was developed in collaboration with a chemical industry partner and is currently available in North America.
Greif (NYSE: GEF, GEF.B) ha presentato ModCan™, una nuova soluzione di imballaggio modulare, in occasione della conferenza Pack-Expo a Chicago. Il sistema innovativo è composto da componenti a forma di cuneo progettati per adattarsi all'interno di un fusto da 55 galloni Greif, consentendo la spedizione sicura di più materiali, sostanze chimiche o componenti di rifiuto simultaneamente senza rischi di contaminazione.
La soluzione mira a ottimizzare l'efficienza delle spedizioni riducendo il numero di spedizioni necessarie e migliorando la sicurezza eliminando la necessità di trasferimenti di materiale. ModCan è particolarmente adatta per applicazioni di rifiuti nella produzione specializzata, nelle operazioni di semiconduttori, nelle camere bianche, nei laboratori e nella produzione farmaceutica. Il prodotto è stato sviluppato in collaborazione con un partner dell'industria chimica ed è attualmente disponibile in Nord America.
Greif (NYSE: GEF, GEF.B) ha presentado ModCan™, una nueva solución de envase modular, en la conferencia Pack-Expo en Chicago. El sistema innovador cuenta con componentes en forma de cuña diseñados para encajar dentro de un tambor de 55 galones de Greif, permitiendo el envío seguro de múltiples materiales, productos químicos o componentes de desecho simultáneamente sin riesgos de contaminación.
La solución tiene como objetivo optimizar la eficiencia en el envío al reducir el número de envíos requeridos y mejorar la seguridad al eliminar la necesidad de transferencias de materiales. ModCan es particularmente adecuada para aplicaciones de desechos en la fabricación especializada, operaciones de semiconductores, salas limpias, laboratorios y producción farmacéutica. El producto fue desarrollado en colaboración con un socio de la industria química y está disponible actualmente en América del Norte.
그라이프 (NYSE: GEF, GEF.B)는 시카고의 팩-엑스포 회의에서 새로운 모듈형 포장 솔루션인 ModCan™을 발표했습니다. 이 혁신적인 시스템은 그라이프의 55갤런 드럼 안에 적합하도록 설계된 쐐기 모양의 구성 요소로 구성되어 있으며, 여러 재료, 화학 물질 또는 폐기물 구성 요소를 동시에 오염 위험 없이 안전하게 운송할 수 있게 합니다.
이 솔루션은 필요한 운송 횟수를 줄이고 물질 이동의 필요성을 없애 안전성을 높임으로써 운송 효율성을 최적화하는 것을 목표로 합니다. ModCan은 특수 제조, 반도체 작업, 클린룸, 실험실 및 제약 production에서 폐기물 응용 프로그램에 특히 적합합니다. 이 제품은 화학 산업 파트너와 협력하여 개발되었으며 현재 북미에서 이용 가능합니다.
Greif (NYSE: GEF, GEF.B) a présenté ModCan™, une nouvelle solution d'emballage modulaire, lors de la conférence Pack-Expo à Chicago. Ce système innovant comprend des composants en forme de coin conçus pour s'adapter à un fût de 55 gallons de Greif, permettant l'expédition en toute sécurité de plusieurs matériaux, produits chimiques ou composants de déchets simultanément sans risque de contamination.
La solution vise à optimiser l'efficacité de l'expédition en réduisant le nombre d'expéditions nécessaires et en améliorant la sécurité en éliminant le besoin de transferts de matériaux. ModCan est particulièrement adapté aux applications de déchets dans la fabrication spécialisée, les opérations de semi-conducteurs, les salles blanches, les laboratoires et la production pharmaceutique. Le produit a été développé en collaboration avec un partenaire de l'industrie chimique et est actuellement disponible en Amérique du Nord.
Greif (NYSE: GEF, GEF.B) hat auf der Pack-Expo-Konferenz in Chicago ModCan™, eine neue modulare Verpackungslösung, vorgestellt. Das innovative System besteht aus keilförmigen Komponenten, die in ein 55-Gallonen-Fass von Greif passen, und ermöglicht den sicheren Versand mehrerer Materialien, Chemikalien oder Abfallkomponenten gleichzeitig ohne Kontaminationsrisiken.
Die Lösung zielt darauf ab, die Versandeffizienz zu optimieren, indem die Anzahl der erforderlichen Sendungen reduziert und die Sicherheit durch die Beseitigung des Materialtransfers erhöht wird. ModCan ist besonders geeignet für Abfallanwendungen in der spezialisierten Fertigung, Halbleiterbetrieben, Reinräumen, Laboren und der pharmazeutischen Produktion. Das Produkt wurde in Zusammenarbeit mit einem Partner aus der chemischen Industrie entwickelt und ist derzeit in Nordamerika erhältlich.
- Introduction of new product (ModCan™) expanding company's packaging solutions portfolio
- Potential for reduced shipping costs and improved operational efficiency for customers
- Market expansion opportunity in specialty manufacturing, semiconductor, laboratory, and pharmaceutical sectors
- initial availability to North American market only
Insights
The launch of ModCan™ represents an incremental product innovation that addresses specific pain points in industrial packaging, particularly for specialized industries like semiconductors and pharmaceuticals. While the solution offers operational efficiencies through reduced shipments and improved safety protocols, its immediate financial impact is likely to be modest given its regional rollout to North America.
The product's unique value proposition in allowing multiple material storage within a single drum could drive adoption in high-value manufacturing sectors, but market penetration will depend heavily on pricing strategy and regulatory compliance. The development through customer collaboration suggests strong product-market fit, though the revenue potential may take several quarters to materialize as industrial customers typically have long procurement cycles.
The ModCan™ design shows strategic alignment with emerging needs in advanced manufacturing, particularly in semiconductor and pharmaceutical sectors where material handling complexity is increasing. The wedge-shaped modular design is a practical engineering solution that optimizes space utilization while maintaining material isolation - a critical requirement in cleanroom and laboratory environments.
This innovation addresses a significant pain point in specialized industrial operations where multiple material streams need separate containment during transport and storage. The efficiency gains in logistics and safety improvements could be particularly valuable for semiconductor fabs and pharmaceutical facilities where material handling protocols are stringent and operational costs are high.
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
FAQ
What is Greif's new ModCan packaging solution and how does it work?
Which industries can benefit from Greif's ModCan packaging solution?
Where is Greif's ModCan currently available?