Cascades Continues to Consolidate its Operations
KINGSEY FALLS, QC, Aug. 13, 2012 /PRNewswire/ – 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 the Cascades Tissue Group plant
located in Scarborough (McNicoll Street) in Toronto.
The production of this unit specialized in paper napkin production for
the Away-from-Home market, mainly for quick service restaurants, will
be redirected to Laval, Quebec and Waterford, New York plants, also
specialized in that market. Approximately 30 employees will be affected
by this closure, which is effective today, August 13(th), 2012. This release does not concern our activities at our Milliken
Street plant, also located in Scarborough.
“In line with our restructuring actions to increase our operations’
efficiency, this decision was taken to secure our position as leader in
the Away-from-Home tissue paper sector. This initiative will enable us
to maximize the production at Laval and Waterford plants, while
continuing to offer a first-class product and service to our
customers”, stated Suzanne Blanchet, President and Chief Executive
Officer of Cascades Tissue Group.
Cascades has taken the necessary measures to provide support to
employees affected by this closure.
Cascades Tissue Group, a division of Cascades Canada ULC, is the fourth
largest tissue and towel producer in North America. 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 more than 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.