CASCADES ANNOUNCES A $3.5 MILLION INVESTMENT AT ITS FORMA-PAK PLANT IN CENTRAL QUEBEC

KINGSEY FALLS, QC, April 20 /CNW Telbec/ - Mr. Alain Lemaire, President and Chief Executive Officer, and Mr. Mario Plourde, Chief Operating Officer, today inaugurated a new machine used in the manufacturing of moulded pulp products at its Cascades Forma-Pak plant. These improvements required the investment of over $3.5 million.

Started in 2010, the work has led to the introduction of a new machine as well as the automation of existing equipment.  A project to secure the machines was also implemented to improve employee safety.  Mario Plourde explains, "Located in the heart of the city of Kingsey Falls, the plant is limited in terms of space.  Rather than expand, we've completely redesigned it to accommodate more equipment and increase its efficiency."

These changes will increase the plant's production capacity by 40%.  Significant gains in product quality have also been achieved, particularly with respect to finishing and packaging.  As such, automation will allow for increased packaging rigidity and, as a result, will maximize delivery including up to 20% more products on trucks.

Cascades Forma-Pak manufactures 100% recycled moulded pulp products using old newspapers and telephone directories as raw material. The plant specializes in egg filler flats as well as cup carriers used for the transport of beverages for quick service restaurants.  "It was time to modernize this plant which manufactures environmentally-friendly food packaging solutions.  Since moulded pulp material is fully recycled and recyclable, we believe that it is a product with a future, especially with a packaging industry that increasingly demands more responsible solutions," said Mr. Plourde.

Cascades Specialty Products Group is a leader in Industrial Packaging, Consumer Product Packaging, Specialty Papers, Recovery and Recycling. The Group has 48 business units located in North America and Europe and employs over 2500 people. With its experience in recycling and continued efforts in research and development, Cascades' philosophy is to provide environmental and innovative solutions to its customers.

Founded in 1964, Cascades produces, converts and markets packaging and tissue products composed mainly of recycled fibres. Cascades employs close to 12,500 employees who work in more than 100 production units located in North America and Europe. Cascades' management philosophy, its more than 45 years of experience in recycling, its continued efforts in research and development are strengths which enable the company to create new products for its customers. The Cascades shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

Certain statements in this release, including statements regarding future results and performance, are forward-looking statements (as such term is defined under the Private Securities Litigation Reform Act of 1995) based on current expectations. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, decreases in demand for the Company's products, increases in raw material costs, fluctuations in selling prices and adverse changes in general market and industry conditions and other factors listed in the Company's Securities and Exchange Commission filings.

SOURCE CASCADES INC.

For further information:

Media
Julie Loyer
Communications and Sustainable Development     
514-232-4022
Investors
Didier Fillion
Investor Relations Director
514-282-2697

 

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