ST.BRUNO, QC, July 2 /CNW Telbec/ - Management of Norampac, a division of
Cascades Canada Inc. (CAS on the Toronto Stock Exchange) announces today the
closure of its Toronto boxboard mill for an indefinite period of time, due to
Nearly 140 employees will be affected by this closure, which will be
effective at the latest on September 14, 2008. The Toronto mill has an annual
production capacity of coated recycled boxboard (CRB) of approximately
180,000 short tons. During the shutdown period, Norampac's East Angus (QC),
Jonquière (QC) and Versailles (CT) mills will ensure the supply of CRB to
"This decision was taken to mitigate the negative impacts of several
factors such as high labour costs, growing fibre supply costs and rising
energy costs. Unfortunately, we do not have any other choice at this point
than to suspend the mill's operations," stated Marc-André Dépin, President and
Chief Executive Officer of Norampac.
Norampac owns seven containerboard mills, four boxboard mills,
twenty-seven corrugated products plants and five folding carton plants in the
United States, Canada and France. Norampac is the largest containerboard
producer in Canada and the third largest boxboard producer in North America.
Norampac, which is also a major Canadian manufacturer of corrugated products
and folding cartons, is a division of Cascades Canada Inc.
Founded in 1964, Cascades produces, converts and markets packaging
products, tissue paper and fine papers, composed mainly of recycled fibers.
Cascades employs nearly 14,000 men and women who work in more than 100 modern
and flexible production units located in North America and Europe. Cascades'
management philosophy, more than 40 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 share trade on
the Toronto stock exchange under the ticker symbol CAS.
For further information:
For further information: Geneviève Boyer, Communications Coordinator,
Norampac a division of Cascades Canada Inc., (450) 461-8611,
email@example.com; Source: Marc-André Dépin, President and Chief
Executive Officer, Norampac a division of Cascades Canada Inc.,