Cascades announces the closure of its New York City plant

Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue products, announces that it will close its packaging plant in Maspeth, New York, as part of the Corporation’s modernization and optimization efforts in the Northeastern United States.

“To support our future development and better serve our customers, we are announcing today that the Maspeth plant’s output will gradually be redeployed to our other facilities. This decision was necessary as the current site has reached its physical limits. This transition will be seamless for all of our customers. The property has already been put up for sale for US$72 million,” said Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging.

The plant, which currently employs 148 people, will close no later than December 31, 2018. In order to help staff impacted by this closure, Cascades will assess the possibility of relocating interested employees to its other facilities. Tools and measures will also be put in place by the Corporation to assist employees in their employment search, so as to reduce the impact on them and the community. Cascades wishes to sincerely thank the plant’s employees for their years of loyalty. It is counting on their devotion and professionalism to serve its customers until the closure.

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. Cascades’s shares trade on the Toronto Stock Exchange under the ticker symbol CAS.
http://www.prnewswire.com/news-releases/cascades-announces-the-closure-of-its-new-york-city-plant-639483913.html

Related Posts

Graphic Packaging Holding Company Named to Newsweek’s List of America’s Most Responsible Companies for Second Year in a Row

Graphic Packaging Holding Company has been named to Newsweek's 2022 list of America's Most Responsible Companies for a second year in a row. The recognition is based on a detailed analysis of Environmental, Social and Corporate Governance (ESG) factors. "Being recognized for a second year by Newsweek for corporate responsibility as well as being included on Forbes' inaugural list of Top Female-Friendly Companies is a true honor," said Michael Doss, President and Chief Executive Officer. "At Graphic Packaging, we are committed to delivering sustainable fiber-based consumer packaging solutions through a high-performance company culture that embraces diversity. We are committed to positive change and advancement of our environmental, social and governance initiatives. The recognitions demonstrate the progress we have made and will continue to drive to benefit all stakeholders."

UPM Raflatac’s new Raflex MDO film plays integral role in Clemson University’s Phoenix Challenge Foundation entry

At this year's Phoenix Challenge Foundation college competition promoting the flexographic printing industry, Clemson University utlilized UPM Raflatac's new Raflex MDO film labels as part of their team's successful entry. Partnerships with local manufacturers are very important to the university, and with two UPM Raflatac factories less than 100 miles from Clemson's campus, collaboration has never been easier. Raflex MDO films balance the best performance properties of PP and PE for maximum functionality and shelf appeal, which was key to the team's entry. Each year, participating teams are given a prompt and must work with a client/partner to fit into their packaging and promotional needs using flexography. In this year's challenge, Clemson's client/partner was the Flexographic Technical Association (FTA). Clemson's goal was to promote the FTA to younger generations and reinforce their scholarship program. Click Read More below for additional detail.

Huhtamaki invests in further growth in Russia

Huhtamaki is investing for further growth in Russia. In order to respond to the fast development of the retail business and egg packaging industry in Eastern and Central parts of Russia, the company is setting up a new fiber packaging manufacturing plant at its existing site in Alabuga, Tatarstan. Preparatory work on the site is under way and production of fiber packaging is expected to begin during the first quarter of 2022. “Russia is one of our key growth markets,” says Eric Le Lay, President for the newly integrated Fiber and Foodservice Europe-Asia-Oceania business segment. “This additional capacity for molded fiber egg packaging enables further profitable growth for us in Russia. The location in Alabuga, Tatarstan, allows us to better serve our customers operating in the fast-developing Central and Eastern parts of Russia,” he continues.
Back To Top
×Close search
Search