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    Select a news topic from the list below, then select a news article to read.

    Cascades announces the construction of a new packaging plant in New Jersey

    KINGSEY FALLS, QC, Aug. 3, 2017 /CNW Telbec/ - Cascades Inc. (TSX: CAS), the leader in recuperation of recyclable materials and in manufacturing of green packaging products and tissue paper, announces an investment of $80 million USD for the construction of a new containerboard packaging plant in Piscataway, New Jersey, United States.

    This new plant, which will create 120 jobs, will manufacture corrugated packaging products and will be among the most modern of its kind in North America. It will begin operations in the second quarter of 2018. Once all equipment is installed, total annual production capacity will be 2.4 billion square feet. Ultimately, this represents an increase in the integration rate of approximately 5%. The facilities will have a surface area of more than 400,000 square feet.

    "The investment announced today, which is already included in our capital expenditure budget, is part of the deployment of our strategic plan that aims specifically to modernize our assets and increase the integration rate between our primary production and conversion activities. It is also part of our continuing process to reorganize and consolidate our containerboard and packaging activities in the northeastern United States. This investment will help us better serve our customers and boost our production capacity, thus increasing our market positioning," stated Mario Plourde, President and Chief Executive Officer of Cascades.

    "The Piscataway conversion plant will have state-of-the-art technology and will be among the fastest in the industry. It will offer increased flexibility and allow us to provide more efficient and innovative products to meet our customers' needs. Located close to the major urban centres along the eastern seaboard of the United States, the site was also chosen because it has room for subsequent development. This important investment strengthens our position and continues our growth," commented Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging.

    Cascades would like to thank its numerous partners and employees who made this project possible, and more specifically, the State of New Jersey, Middlesex County and the City of Piscataway.

    Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The Company employs 11,000 women and men, who work in close to 90 production units in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on. The Cascades shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

    Website: www.cascades.com

    Green by Nature blog: blog.cascades.com

    Facebook: facebook.com/Cascades

    Twitter: twitter.com/CascadesDD | twitter.com/CascadesSD | twitter.com/CascadesInvest

    YouTube: youtube.com/Cascades

    PAPTAC CENTRAL - Justin Charron, Irving Paper, to head PAPTAC’s Papermaking Technology Community

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    Justin Charron, Irving Paper, to head PAPTAC’s Papermaking Technology Community

    Cascades Inaugurates New State-of-the-Art Tissue - Converting Plant on the West Coast

    Scappoose, OR, July 18, 2017 – Cascades Inc. (TSX: CAS), leader in the recovery and manufacturing of green packaging and tissue products, today officially inaugurated its new state-of-the-art, 284,000-square-foot tissue converting facility in Scappoose, Oregon.

    The grand opening of this US$64 million facility was celebrated by the Governor of Oregon, Kate Brown, local dignitaries, members of the community as well as many of Cascades' partners, customers, suppliers and employees.

    The new plant is equipped with best-in-class converting lines, high-speed rewinders and folders, and one of the fastest bath lines in the world. The new facility manufactures towel and tissue products under the Cascades PRO™ brand, a leader in the United States and Canadian Away-from-Home markets. The line of products includes hand towels, bathroom tissue, napkins, kitchen roll towels, facial tissue, wipers and dispensers. From bathroom to boardroom to lunchroom to classroom and beyond, Cascades PRO™ offers a wide range of proven, cost-effective hygiene solutions.

    "This new facility extends the breadth of our national coverage, and will enable us to better serve our customers in the southern and western United States. The Scappoose facility will also allow us to increase our converting capacity and integration rate as we will be using tissue paper produced at our St-Helens plant located just eight miles away. Our new facility will have a production capacity of nearly six million cases per year of virgin and recycled bathroom tissue products and paper hand towels. It also offers possibilities for future expansion" said Mario Plourde, President and Chief Executive Officer of Cascades.

    This ambitious project was also made possible through the involvement of the State of Oregon, Colombia County and the City of Scappoose. Cascades would also like to recognize the exceptional dedication of its employees and suppliers, whose commitment to excellence has made a difference from the very start.

    "The completion of this project marks an important milestone for Cascades," said Jean Jobin, President and Chief Operating Officer of the Cascades Tissue Group. "It has long been our goal to expand our presence within the United States and offer greater quality and flexibility for our customers. This world-class facility is the first step in our plan to modernize our tissue manufacturing and converting equipment and a clear indication of our commitment to this segment. We look forward to providing our customers with new exceptional value and to further grow our relationships within the local community."

    For more information about Cascades PRO™ products and to explore the new website, please visit www.cascadespro.com


    Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The Company employs 11,000 employees, who work in close to 90 production units located in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on. Cascades' shares trade on the Toronto Stock Exchange, under the ticker symbol CAS.

    Source: Cascades PRO

    Rayonier Advanced raises offer for Tembec to $475 million

    Rayonier Advanced Materials said it raised its offer price for Canadian paper and cellulose pulp maker Tembec Inc (TMB.TO) to $4.75 per share, valuing the deal at $475 million, excluding debt.

    Oaktree Capital Management LP, Tembec's top shareholder which earlier opposed the deal, and another shareholder Bennett Management agreed to vote for the revised offer, Rayonier said.

    Oaktree last week asked other shareholders to reject Rayonier's deal, terming it as a "flawed" sale process, and that there was a significant value gap between the offer price and the "real value" of Tembec.

    Oaktree and Bennett together own about 37 percent of Tembec's outstanding shares.

    Under the revised terms, Tembec shareholders could elect to receive either $4.75 in cash or 0.2542 share of Rayonier common stock per Tembec common share, subject to proration so that about 67 per cent of total consideration in cash and about 33 per cent is paid in Rayonier common stock.

    Rayonier, which makes high-value cellulose specialties fibers, said in May it would buy Tembec for $4.05 per share, to expand into packaging and forest products. Including debt of $487 million, the deal was then valued at about $807 million.

    The deal was already approved by Germany's federal cartel office in July.

    Rayonier's latest offer price is at a premium of 11.5 per cent to Tembec stock's Friday close and a 61 percent premium to its pre-offer closing price on May 24.

    The revised terms were approved by the boards of both companies, Rayonier said late Sunday.

    Source: http://www.bnn.ca/rayonier-advanced-raises-offer-for-tembec-to-475-million-1.811903 

    Forestry firm Canfor investing $105M to retrofit two B.C. plants

    The projects will boost energy efficiency at the company's pulp mills in Prince George and Taylor, B.C.

    VANCOUVER—Canfor Pulp Products Inc. plans to invest $105 million to upgrade two of its B.C. pulp mills.

    The forest products company said July 26 it will invest $65 million in a new 32 megawatt condensing turbo-generator at its Northwood Northern Bleached Softwood Kraft Pulp mill in Prince George, B.C., as well as $40 million to upgrade the refining line at its Bleached Chemi-Thermo Mechanical Pulp mill in Taylor, B.C.

    Canfor said both projects will significantly improve the plants’ energy efficiency and cut fuel consumption. They are also expected to reduce water and natural gas use at the mills.

    “These projects reflect Canfor Pulp’s commitment to sustainable pulp production while continuing to improve the cost competitiveness of our pulp mills,” the company’s president, Brett Robinson, said in a statement.

    The upgrades at the Taylor pulp mill are partially funded through BC Hydro’s conservation incentives program.

    Source: http://www.canadianmanufacturing.com/manufacturing/forestry-firm-canfor-investing-105m-retrofit-two-b-c-plants-198136/?custnum=1284988&title=Directeur&utm_source=CMO&utm_medium=email&utm_campaign=170726C 

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