Cascades Decides to Keep Norampac Trenton Containerboard Mill Open
May 29, 2012 - Cascades said that further to a vote by a significant majority of employees in favor of its final offer, it will not proceed with the closure of its containerboard mill located in Trenton, Ontario, Canada as planned and announced last April.
"We are satisfied to be able to finally reach an agreement with the union and the employees in Trenton. By keeping the mill open, we are saving 130 jobs in this community and avoiding significant financial losses for the local forest industry. The challenges faced by this mill are by no means over. However, reaching this agreement with our employees is a vital pre-condition, and we can now concentrate on identifying an action plan for achieving long-term viability," said Marc-Andre Dépin, President and Chief Executive Officer at Norampac.
The Norampac-Trenton facility produces corrugating medium and has an annual production capacity of 150,000 metric tons.
SOURCE: Cascades Inc.
See related story:
» Cascades to Close Norampac Trenton Containerboard Mill (4/12/2012)