Cascades Invests $26.4 Million at the Norampac - Drummondville Corrugated Plant

Cascades will install a new corrugator at its Norampac corrugated board conversion plant in Drummondville, Quebec.

Nov. 3, 2015 - Cascades Inc. today announced that it is investing $26.4 million at its Norampac corrugated board conversion plant in Drummondville, Quebec (Canada) to install a new corrugator, thus increasing its production capacity.

This investment, which will consolidate the 214 jobs at the plant, will enable Norampac Drummondville to continue working toward modernizing its equipment in order to gain in efficiency and improve the quality of its products. Adding new equipment at the cutting edge of technology will also help reduce operating costs, Cascades said.

The current building will also be expanded, the company said.

The project was made possible particularly thanks to an Investissement Quebec loan guarantee, for a maximum amount of $6 million.

"Today's announcement is part of our strategic plan aiming to focus our efforts and investments in the packaging and tissue paper strategic sectors. This process is beginning to show results" said Mario Plourde, President and CEO of Cascades. "This announcement is a sign of confidence in the future, and we are especially happy to be able to make this investment in Drummondville, in the region where Cascades was born."

The 45,000 sq. ft. building expansion will be completed in mid-November and the new corrugator will be operational as of January 2016.

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

SOURCE: Cascades Inc.