KINGSEY
FALLS, QC, Aug. 10, 2023 /PRNewswire/ - Cascades inc.
(TSX: CAS), a leader in the recovery and manufacturing of green
packaging and hygiene products, announces that the second paper
machine at its St. Helens, Oregon
Tissue plant will be closed, resulting in the complete shutdown of
the facility. The end of operations will be effective at the
beginning of October.
The decision follows the Company's previously announced
repositioning of its tissue papers production platform to improve
business performance, which included the closure of one of the two
paper machines at the St. Helens
plant. Today's announcement further simplifies the Company's
operational platform by concentrating the majority of its tissue
product operating activities at core, geographically
well-positioned sites that offer opportunities for future
development.
"Over the past few months, market conditions on the West Coast
and a significant decline in demand in this region for brown
recycled products specifically manufactured at the facility have
compromised the long-term financial viability of the plant.
Consequently, we made the decision to end the plant's operations,"
said the President and Chief Operating Officer of Cascades Tissue
Group, Jean-David Tardif.
The annual capacity of the machine is 50,000 short tons of brown
100% recycled tissue paper. These tons are not integrated
into the Cascades network, so the closure will have no impact on
the Company's other operations.
Cascades will work closely with the 75 employees affected to
reduce the impact of this announcement and will attempt to relocate
those who wish to its other business units in the United States. Those who cannot or do not
want to be reassigned to other facilities will be supported in
their job search.
Founded in 1964, Cascades offers sustainable, innovative and
value-added packaging, hygiene and recovery solutions. The Company
employs 10,000 talents across a network close to 80 facilities
in North America. Driven by its
participative management, half a century of experience in
recycling, and continuous research and development efforts,
Cascades continues to provide innovative products that customers
have come to rely on, while contributing to the well-being of
people, communities and the entire planet. Cascades' shares trade
on the Toronto Stock Exchange under the ticker symbol CAS.
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SOURCE Cascades Inc.
