PISCATAWAY, NJ, Feb. 6, 2023
/CNW Telbec/ - Cascades,
a leader in the recovery and
manufacturing of green
packaging and hygiene products, is
pleased to announce that it has purchased a new printing press at
its Piscataway, New Jersey,
corrugated packaging converting facility.
"The purchase of an EVOL press, one of the fastest technologies
in the world, will allow us to continue our growth in the Northeast
and increase our ability to serve our current and future customers.
This US$9 million investment is part
of our 2022-2024 strategic plan and is aimed at increasing our
integration rate by adding additional converting capacity in
the United States," said
Mario Plourde, President and CEO of
Cascades.
The Piscataway plant, started
in 2018, currently serves the distribution and food processing
markets. It is one of the newest and most modern in Cascades' asset
base. The purchase of this new press, the plant's sixth, will
increase production capacity by 17%, or the equivalent of 480
million square feet. The installation of the press will be
completed by the end of April, 2023.
Cascades is the sixth largest containerboard producer in
North America and ranks
20th among the top 100 most responsible companies in the
world according to the prestigious Global 100 ranking produced by
Corporate Knights.
The Piscataway plant currently
employs over 175 people and is one of the region's top employers.
This investment will require the hiring of 20 additional people in
positions like general helpers, assistant operators, operators and
shippers. A competitive salary and a flexible benefits program
adapted to the employees' lifestyle is offered.
For more information on the positions available, visit
choosecascades.com.
To learn more about the Piscataway plant, watch the plant video
presentation.
Founded in 1964, Cascades offers sustainable, innovative and
value-added packaging, hygiene and recovery solutions. The company
employs approximately 10,000 talents across a network
close to 80 facilities in North
America. Driven by its participative management, half a
century of experience in recycling, and continuous research and
development efforts, Cascades continues to provide innovative
products that customers have come to rely on, while contributing to
the well-being of people, communities and the entire planet.
Cascades' shares trade on the Toronto Stock Exchange under the
ticker symbol CAS.
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SOURCE Cascades Inc.