Cascades announces substantial investments for its Michigan Plant to support its new product innovation initiatives
KINGSEY FALLS, QC, Aug. 6, 2012 /PRNewswire/ – Cascades (TSX: CAS), a
leader in the recovery and manufacturing of green packaging and tissue
paper products, is pleased to announce that substantial investments, up
to $750 000, will be made in its Cascades Enviropac HPM, LLC plant,
located in Grand Rapids, Michigan. By the end of 2012 and beginning
2013, new equipment will be added to modernize the plant and optimize
its overall efficiency, from the competitiveness, quality and service
standpoints. These investments will also allow us to retain jobs in the
plant and its offices.
This is a great opportunity for Cascades to strengthen its market shares
in the Central and Midwest Regions, while increasing its industrial
product offering such as Technicomb(TM) protective packaging systems,
Flexicomb® flexible protective packaging, and ThermaFresh(TM) recyclable
therma-insulator containers for fresh food conservation. These products
are the perfect alternatives to traditional packaging, since they are
made of honeycomb paperboard and fibre composites which are recyclable.
As Mr. Simon Gosselin, General Manager for the Industrial Packaging
sector of Cascades Specialty Products Group, mentioned: “These
investments are directly in line with Cascades’ key strategic axes to
further support the operations, with the ultimate goal of assuring the
commercial success of our innovative, eco-designed products.”
Founded in 1964, Cascades produces, converts and markets packaging and
tissue products that are composed mainly of recycled fibres. The
Company employs more than 12,000 employees, who work in over 100 units
located in North America and Europe. With its management philosophy,
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 CAS.
SOURCE CASCADES INC.