Cascades to Construct New Packaging Plant in New Jersey
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Cascades Inc., Kingsey Falls, Que., Canada, a leader in recuperation of recyclable materials and in manufacturing of green packaging products and tissue paper, this week announced an investment of $80 million for the construction of a new containerboard packaging plant in Piscataway, N.J., USA.
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 sq. ft. Ultimately, this represents an increase in the integration rate of approximately 5%. The facilities will have a surface area of more than 400,000 sq. ft.
"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 U.S. This investment will help us better serve our customers and boost our production capacity, thus increasing our market positioning," said Mario Plourde, president and CEO 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 centers along the eastern seaboard of the U.S., the site was also chosen because it has room for subsequent development. This important investment strengthens our position and continues our growth," noted Charles Malo, president and COO 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 fibers. The company employs 11,000 women and men, who work in close to 90 production units in North America and Europe.