Cascades, leader in the recovery and manufacturing of green packaging and tissue products, inaugurated the expansion of the Drummondville corrugated packaging plant, Québec, Canada. According to the announcement, the investment into the plant totaled CAD 26 million.
In 2Q2017 Cascades increased OIBD margin to 9.5%
Earlier Cascades announced closure of its packaging plant in the US.
The company is a North American leader in the recovery, manufacturing and converting of green packaging and tissue paper products. The products are composed mainly of recycled fibres. Cascades employs almost 11,000 people at more than 90 production units in North America and Europe.