Cascades Plans to Close Djupafors Coated Boxboard Plant in Sweden

Cascades Djupafors produces coated boxboard and has an annual production capacity of 60,000 tonnes.

Feb. 4, 2014 - Cascades Inc. today said that its subsidiary, Cascades Djupafors, located in Ronneby, Sweden, will start the consultation process with the unions on February 25 concerning the potential closure of the Djupafors business.

"Djupafors is in a difficult financial position and is operating in a very competitive market," said Mario Plourde, President and CEO of Cascades. "The announcement is part of a revision and restructuring process of our manufacturing platform in Europe. It is also worth noting that we have been dealing with a difficult economic environment in Europe since 2011.

The plant, acquired by Cascades in 1989, has 130 employees and specializes in the manufacture of coated boxboard for folding boxes made from virgin fibres. It has an annual production capacity of 60,000 tonnes.

Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. To learn more, please visit: www.cascades.com

SOURCE: Cascades Inc.