This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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 Technicombâ„¢ protective packaging systems, Flexicomb ® flexible protective packaging, and ThermaFreshâ„¢ 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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs