Business
Cascades announces an investment of US$58 million to modernize tissue converting capacity at its Wagram, NC plant
Cascades announces an investment of US$58 million to modernize tissue converting capacity ...
About this update from Cascades Inc.
[{"type":"text","content":"\n\n\n\n\nCascades announces an investment of US$58 million to modernize tissue converting capacity at its Wagram, NC plant\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWAGRAM, NC, Nov. 27, 2018\n\n\n\nWAGRAM, NC, Nov. 27, 2018 /CNW Telbec/ - Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue products, is pleased to announce an investment of US$58 million in its Wagram plant in North Carolina that will modernize the plant and add new tissue converting equipment. These project investments are part of the capital expenditure envelope previously announced by the Company.\n\n \n \n\n \nThe project will involve the installation of five new state-of-the-art converting lines and the modernization of four existing lines. Sixty-six full time employees will be hired to operate the new equipment, and an additional 50 temporary jobs will be created to prepare the building and install the equipment. The commissioning of the new converting lines is expected to begin in April 2019 and will be finalized in the first quarter of 2020.\nThe Wagram plant produces hand towels, paper towels, bathroom tissue and napkins marketed under the Cascades PRO brand, which serves the Away-from-Home markets. The plant will be largely supplied by the Cascades tissue plant located 30 miles away, in Rockingham. Upon completion of the project, the Wagram plant converting capacity will increase from 5.3 million cases per year to close to 15 million cases per year, resulting in a global capacity addition of 3 million cases for the Group. \nMario Plourde, Cascades President and CEO stated: \"This modernization project is directly aligned with the objectives set out in our strategic plan. It will not only allow us to replace ageing equipment with modern and efficient technology, but will also improve our integration rate, increase our geographical footprint and extend our ability to serve our customers in the United States. With today's challenging market conditions, this is a crucial investment that will reduce our manufacturing and tra...