This Day On The Street
Continue to site
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 Investments Of $22 Million In Its Folding Carton And Microlithography Operations

KINGSEY FALLS, QC, Sept. 5, 2012 /PRNewswire/ - Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue products, announces major investments in several of the folding carton and microlithography plants of its Norampac Division. Thanks to a total investment of $22 Million, the Viau (Montréal, Québec), Mississauga ( Ontario), Winnipeg ( Manitoba) and Cobourg ( Ontario) plants will benefit from the installation of new modern equipement that will optimize their production and efficiency.

With this investment program, the Lachute (Québec) folding carton plant will be closed at the latest by the end of the first quarter of 2013, and its customers will be progressively transferred to other Norampac facilities. Nearly 155 employees will be affected by the closure of the Lachute plant, however approximately 40% of them will have the opportunity to be relocated in other Norampac and Cascades units in Québec. Norampac has taken necessary measures to offer the appropriate support to the employees that will not be relocated.

Investments The installation of modern and versatile equipement in these plants will lead to an enhanced synergy between the microlithography and folding cartons sectors, which will allow Norampac to increase its productivity and efficiency. The modernization of equipement will be achieved through the installation of two new state of the art printing presses in the Viau and Mississauga plants. These presses, one of which has a printing capability of up to 7 colours and an ultraviolet drying process, were designed to offer the latest technology and are among the best in the industry. The optimization project also includes the installation of new equipement in the Group's other folding carton plants, namely a new gluer in Winnipeg and forming equipment in Cobourg. Thanks to its unique characteristics, this new equipment will allow the plants to better respond to the growing demand for more varied and better quality packaging and printing.

"These investments are in line with Cascades' strategy that aims to modernize and improve the profitability of our packaging assets", explained Marc-André Dépin, President and Chief Executive Officer of Norampac. "This is our Group's most important investment in the folding cartons sector in several years", added Mr. Dépin.

1 of 2

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs