Cascades Announces Substantial Investments
Kingsey Falls, Quebec, Canada 06 August 2012 – Cascades (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue paper products, is pleased to announce that substantial investments, up to $750000, will be made in its Cascades Enviropac HPM, LLC plant, located in Grand Rapids, Michigan. By the end of 2012 and beginning 2013, new equipment will be added to modernize the plant and optimize its overall efficiency, from the competitiveness, quality and service standpoints. These investments will also allow us to retain jobs in the plant and its offices.
This is a great opportunity for Cascades to strengthen its market shares in the Central and Midwest Regions, while increasing its industrial product offering such as Technicomb™ protective packaging systems, Flexicomb® flexible protective packaging, and ThermaFresh™ recyclable therma-insulator containers for fresh food conservation. These products are the perfect alternatives to traditional packaging, since they are made of honeycomb paperboard and fibre composites which are recyclable. As Mr. Simon Gosselin, General Manager for the Industrial Packaging sector of Cascades Specialty Products Group, mentioned: “These investments are directly in line with Cascades' key strategic axes to further support the operations, with the ultimate goal of assuring the commercial success of our innovative, eco-designed products.”
Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The Company employs more than 12,000 employees, who work in over 100 units located in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to serve its clients with innovative products. Cascades' shares trade on the Toronto Stock Exchange, under the ticker symbol CAS.