Feb. 6, 2023 - Cascades announced that it has purchased a new EVOL press for its Piscataway, New Jersey, corrugated packaging converting facility.
"The purchase of an EVOL press, one of the fastest technologies in the world, will allow us to continue our growth in the Northeast and increase our ability to serve our current and future customers," said Mario Plourde, President and CEO of Cascades. "This US$9 million investment is part of our 2022-2024 strategic plan and is aimed at increasing our integration rate by adding additional converting capacity in the United States."
The Piscataway plant, which started-up in 2018, currently serves the distribution and food processing markets. It is one of the newest and most modern in Cascades' asset base. The purchase of this new press, the plant's sixth, will increase production capacity by 17%, or the equivalent of 480 million square feet.
The installation of the press will be completed by the end of April, 2023.
The Piscataway plant currently employs over 175 people and is one of the region's top employers. This investment will require the hiring of 20 additional people in positions like general helpers, assistant operators, operators and shippers.
Founded in 1964, Cascades (TSX: CAS) offers sustainable, innovative and value-added packaging, hygiene and recovery solutions.
SOURCE: Cascades Inc.
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