WAGRAM, NC, Aug. 18, 2014 /CNW Telbec/ - Cascades Inc. (TSX: CAS), a
North American leader in the recovery, manufacturing and converting of
green packaging and tissue paper products, announces the installation
of a new tissue converting facility in Wagram, North Carolina. This
investment will reorganize and expand the Company's converting
activities in the Southeastern United States - a targeted area of
growth for the Corporation. The total estimated cost of the project is
US$55 million and the start-up is planned for the end of 2014.
Suzanne Blanchet, Cascades Tissue Group's current President and CEO,
commented on the project, "Cascades is expanding its presence in the
Southeast, one of the fastest growing markets in the United States.
This investment will allow us to optimize our converting platform by
relocating equipment presently used elsewhere, by adding new
manufacturing equipment and installing robotized warehouse management.
In doing so, we are moving closer to many key markets, and improving
our productivity and logistics while enhancing customer service."
The total annual capacity for the new converting plant is approximately
10 million cases on six converting lines, with the capacity to produce
various tissue products including bathroom tissue, kitchen towels,
paper napkins and hand towels for both the Away-from-Home and Consumer
"Cascades has made clear its intention to prioritize investments in the
tissue paper and packaging products sectors," added Mario Plourde,
President and CEO of Cascades Inc. "This new investment in Wagram will
allow us to further improve our tissue manufacturing and customer
service through the addition of an ultra-modern converting plant that
will be ideally situated to serve the growing needs of our customers."
Cascades Tissue Group, a division of Cascades Canada ULC is the fourth
largest manufacturer of tissue paper in North America. Founded in 1964, Cascades produces, converts and markets packaging and
tissue products that are composed mainly of recycled fiber. The company
employs close to 12,000 men and women, who work in more than 100 units
located in North America and Europe. With its management philosophy,
close to 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
SOURCE: Cascades Inc.
For further information:
Vice-President, Public Affairs and Communications
Director, Investor Relations
President and Chief Executive Officer
Cascades Tissue Group, a Division of Cascades Canada ULC
Web site: www.cascades.com
Green by Nature Blog: http://blog.cascades.com/
Twitter: twitter.com/@CascadesDD | twitter.com/@CascadesSD | twitter.com/@CascadesInvest