Cascades Announces New Investments
Cascades Inc. has announced a first investment of $5-million at its Norampac plant in Kingsey Falls, which aims to streamline this unit that manufactures linerboard made from 100 per cent recycled fibers.
The current project consists of expanding the building to replace the winder as well as create additional space for future investments.
Since its inception in 1964, while its production totaled 10,000 tonnes per year, the plant, formerly called ‘Division Papier’ (Paper Division), has invested $55-million in total in order to increase its annual production capacity to 90,000 tonnes. At the end of this current project, whose subsequent phases are intended for 2010 and 2011, production capacity at the plant will be greater than 125,000 tonnes per year.
In 2008, more than $12-million was invested in the seven production units in Kingsey Falls alone. In Quebec, Cascades invested more than $50-milllion last year and approximately $175-million was allocated for fixed capital costs for the entire organization worldwide.
In 2009, depending on the status of the global economic situation and its financial performance, Cascades intends to invest approximately $100-million in capital costs.
For more detailed information visit www.cascades.com.