KINGSEY FALLS, QC, Feb. 22, 2012 /CNW Telbec/ - Cascades Inc. (TSX:
CAS), a leader in the recovery and the manufacturing of green packaging
and tissue paper products, continues to consolidate its operations and
announces the permanent closure of Cascades Enviropac, located in
Production at this unit, specialized in the manufacturing of Technicomb™
honeycomb packaging, intended primarily for the furniture packaging
industry, will progressively be redirected towards the Cascades
Enviropac Berthierville, Québec and the Grand Rapids, Michigan plants.
Approximately 36 employees will be affected by this closure which will
be effective on June 1, 2012.
"The decision to cease operations at the Toronto plant is due to a
significant reduction in business volume. This decision was taken to
secure the group's profitability and to improve its position as leader
in the industrial packaging sector. Demand in the honeycomb packaging
industry has been affected by challenging economic conditions over the
past few years and it is imperative we adjust our operations based on
this new economic environment. This initiative will enable us to
maximize the operations at our mills of Grand Rapids and Berthierville,
while continuing to offer a first-class product and service to our
customers", stated Luc Langevin, President and Chief Operating Officer
of Cascades Specialty Products Group.
Cascades has taken the necessary measures to help employees affected by
this closure relocate to other manufacturing units and provide them
with assistance in their search for work.
Founded in 1964, Cascades produces, converts and markets packaging and
tissue products that are composed mainly of recycled fibres. The
Company employs close to 11,000 employees, who work in more than 100
units located in North America and Europe. Its management philosophy,
its more than 45 years of experience in recycling and its continued
efforts in research and development are strengths that enable Cascades
to create new products for its customers. Cascades' shares trade on the
Toronto Stock Exchange, under the ticker symbol CAS.
Cascades Specialty Products Group is a leader in Industrial and Consumer
Product Packaging, Specialty Papers, and Recovery and Recycling. The
Group has 50 business units located in North America and Europe and
employs more than 2500 people.
SOURCE CASCADES INC.
For further information:
Vice-President, Communications and Public Affairs
Director, Investor Relations
President and Chief Operating Officer Officer
Cascades Specialty Products Group