Cascades, leader in the recovery and manufacturing of green packaging and tissue products, announced an investment of USD 80 million for the construction of a new containerboard packaging plant in Piscataway, New Jersey, USA. The plant is expected to start its operations in the second quarter of 2018.
According the announcement, the new plant will manufacture corrugated packaging products and will be among the most modern of its kind in North America. 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.
Mario Plourde , President and CEO of Cascades, commented:
“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.”
Earlier Cascades monetized its investment in renewable energy power operator.
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.