KINGSEY FALLS, QC,
Nov. 3,
2022 /PRNewswire/ - Cascades Inc. (TSX: CAS), a
leader in the recovery and manufacturing of green packaging and
tissue products, announces the permanent shutdown of the corrugator
at its Belleville facility, as
part of the continuing optimization initiatives of the
Corporation's Containerboard Packaging platform in Ontario.
Effective no later than December
2nd, the shutdown will provide the facility with
a more sustainable business model by focusing its operations on
converting activities as a high volume, efficient and graphic sheet
plant.
"With additional capacity generated by the strategic
optimization of our network in Ontario in recent years, we have the ability
to redeploy this production to other units in the region. By doing
so, we will significantly reduce costs and re-focus Belleville's priorities to converting. This
decision will position our platform for long-term success and
further strengthen our service offering for our valued
customers" said Charles Malo, President and Chief
Operating Officer of Cascades Containerboard Packaging.
The shutdown will impact 31 of the 106 employees. Cascades will
work with these individuals to minimize the impact of this
announcement, including by offering them the option to transfer to
Cascades' other business units. Employees who cannot, or do not
wish to relocate to other plants, will receive support in their
search for other employment.
Founded in 1964, Cascades offers sustainable, innovative
and value-added solutions for packaging, hygiene and recovery
needs. The company employs approximately 10,000 women and men,
who work in a network of nearly 80 production units in
North America. With its management
philosophy, half a century of experience in recycling, and
continuous efforts in research and development as driving forces,
Cascades continues to deliver the innovative products that
customers have come to rely on, while contributing to the
well-being of people, communities and the planet. Cascades' shares
trade on the Toronto Stock Exchange under the ticker symbol
CAS.
View original
content:https://www.prnewswire.com/news-releases/cascades-announces-the-permanent-shutdown-of-the-corrugator-at-its-belleville-ontario-facility-301668251.html
SOURCE Cascades Inc.