Cascades Announces Plans to Close Corrugated Packaging Plant in Etobicoke, Ontario by August 2021
Cascades' Etobicoke Containerboard Packaging operations will permanently close no later than August 31, 2021, and the property will be put up for sale. The decision will affect 125 employees.
July 28, 2020 - Cascades Inc. today announced that it will close its Etobicoke, Ontario (Canada) containerboard packaging facility as part of the strategic repositioning of its Containerboard platform in Ontario and the corporation's continuing global optimization initiatives. "An integral part of our strategic plan is to optimize our operational platform in Ontario. As a result, we will be gradually redeploying production from the Etobicoke facility to our other units within the region," said Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging. "This decision will reinforce our operational positioning for mid and long-term success by better aligning present production capacities, improving productivity, reducing fixed costs and further strengthening our service offering for our valued customers," Malo added. Cascades' Etobicoke Containerboard Packaging operations will permanently close no later than August 31, 2021, and the property will be put up for sale. Over the coming weeks and months, Cascades will work to minimize the impact of this announcement on the 125 employees related to this facility. Cascades noted that this announcement has no impact on the activities of its Recovery+ facility and offices that are also located in Etobicoke. Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs 12,000 women and men across a network of over 90 facilities in North America and Europe. For further information, visit: www.cascades.com. SOURCE: Cascades, Inc. |