Cascades to Permanently Shutdown the Corrugator at Its Belleville, Ontario Facility

The shutdown of the corrugator will provide the facility with a more sustainable business model by focusing its operations on converting activities as a high volume, efficient and graphic sheet plant.

Nov. 4, 2022 - Cascades announced the permanent shutdown of the corrugator at its Belleville facility, as part of the continuing optimization initiatives of the Corporation's Containerboard Packaging platform in Ontario.

Effective no later than December 2nd, the shutdown will provide the facility with a more sustainable business model by focusing its operations on converting activities as a high volume, efficient and graphic sheet plant.

"With additional capacity generated by the strategic optimization of our network in Ontario in recent years, we have the ability to redeploy this production to other units in the region," explained Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging. "By doing so, we will significantly reduce costs and re-focus Belleville's priorities to converting."

The shutdown will impact 31 of the 106 employees.

Cascades said it will work with these individuals to minimize the impact of this announcement, including by offering them the option to transfer to Cascades' other business units.

Employees who cannot, or do not wish to relocate to other plants, will receive support in their search for other employment, the company added.

Founded in 1964, Cascades (TSX: CAS) offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. To learn more, visit: www.cascades.com.

SOURCE: Cascades Inc.