KINGSEY
FALLS, QC, Sept. 21, 2022 /PRNewswire/ - Cascades
announces the temporary shutdown of one of its two tissue paper
machines at its St. Helens, Oregon
facility. The machine has an annual production capacity of 50,000
tons of tissue made from virgin fibre, and supplies the Company's
converting plants, primarily the Scappoose, Oregon facility. Production of the
second machine, located in a separate building, is not
impacted.
Following inspections carried out as part of its annual
maintenance shutdown which began on September 11, it was determined that additional
verification of the structural condition of the building is
required. The length of the shutdown is currently being determined.
Cascades reiterates that the safety of its employees is a priority.
The Company is evaluating the financial and operational impacts of
this situation on the forecasts for its tissue operations in the
current year and will provide additional information once this
analysis has been completed.
Founded in 1964, Cascades offers sustainable, innovative
and value-added solutions for packaging, hygiene and recovery
needs. The company employs approximately 10,000 women and men,
who work in a network of nearly 80 production units in
North America. 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, while contributing to the
well-being of people, communities and the planet. Cascades' shares
trade on the Toronto Stock Exchange under the ticker symbol
CAS.
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SOURCE Cascades Inc.