ST.BRUNO, QC, Sept. 6 /CNW Telbec/ - Norampac Industries Inc, a
subsidiary of Cascades Canada Inc (CAS-TSX), announced that it has entered
into a joint venture with Jamestown Container and Smurfit-Stone, to establish
a new company called Niagara Sheet LLC. This joint venture will enable the
creation of a state-of-the-art corrugated sheet manufacturing plant in
Buffalo, in Upstate New York.
Commenting on the transaction, Marc-André Dépin, President and Chief
Executive Officer of Norampac, declared: "The participation of Norampac in
this joint venture follows the trend of our investment strategy which aims to
consolidate our expansion in the United States and enable us to ensure the
quality of our products and the satisfaction of our customers."
This investment will facilitate the supply of Norampac's corrugated
products plant located in Lancaster, New York, due to its geographical
proximity with the new facility.
About Norampac - Norampac owns seven containerboard mills and twenty-six
corrugated products plants in the United States, Canada and France. With an
annual production capacity of more than 1.3 million short tons, Norampac is
the largest containerboard producer in Canada and the seventh largest in North
America. Norampac, which is also a major Canadian manufacturer of corrugated
products, is a division of Cascades Canada Inc (symbol: CAS-TSX).
About Smurfit-Stone - Smurfit-Stone Container Corporation's (Nasdaq:
SSCC) innovative packaging solutions help its customers to grow their business
and profits and as North America's premier packaging company, Smurfit-Stone is
the industry's leading integrated manufacturer of paperboard and paper-based
packaging. Smurfit-Stone also is one of the world's largest paper recyclers.
The company has led the industry in safety performance every year since 2001
and conducts its business in compliance with the environmental, health and
safety principles of the American Forest & Paper Association. Smurfit-Stone
operates approximately 170 facilities and employs approximately 22,000 people.
About Jamestown Container - Jamestown Container has been in business in
Western New York for approximately 50 years and manufactures everything from
custom box packaging, custom plastic packaging and litho laminated containers
to wholesale shipping supplies, contract packaging services and product
package design. Jamestown has plants in Cleveland OH, Buffalo, Rochester, and
Falconer and Lockport New York.
Founded in 1964, Cascades produces, transforms and markets packaging
products, tissue paper and fine papers, composed mainly of recycled fibres.
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, its 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 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 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 public filings with the appropriate securities regulatory
For further information:
For further information: Media: Geneviève Boyer, Communications
Coordinator, Norampac, a division of Cascades Canada Inc, (450) 461-8611;
Source: Marc-André Dépin, President and Chief Executive Officer, Norampac, a
division of Cascades Canada Inc; Investors: Marc Jasmin, Director, Investor
Relations, Cascades Inc, (514) 282-2681