Kingsey Falls, Quebec, Canada 13 August 2012 – 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 13th, 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. |
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