Cascades Announces that Norampac – Trenton Will Remain Open
KINGSEY FALLS, QC, May 29, 2012 /PRNewswire/ – Cascades Inc. (TSX: CAS),
a leader in the recovery and the manufacturing of green packaging and
tissue paper products, announces that further to a vote by a
significant majority of employees in favour of its final offer, it will
not proceed with the closure of its containerboard mill located in
Trenton, Ontario, as planned and announced last April.
“We are satisfied to be able to finally reach an agreement with the
union and the employees in Trenton. By keeping the mill open, we are
saving 130 jobs in this community and avoiding significant financial
losses for the local forest industry. The challenges faced by this mill
are by no means over. However, reaching this agreement with our
employees is a vital pre-condition, and we can now concentrate on
identifying an action plan for achieving long-term viability.” said
Marc-AndrÃ© DÃ©pin, President and Chief Executive Officer at Norampac.
The Norampac-Trenton facility produces corrugating medium and has an
annual production capacity of 150,000 metric tons.
Founded in 1964, Cascades produces, converts and markets packaging and
tissue products that are composed mainly of recycled fibres. The
Corporation employs close to 12,000 men and women, 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.
SOURCE CASCADES INC.