Cascades invests $5 million at its Norampac plant in Kingsey Falls, Canada

Jan 12, 2009. /Lesprom.com/. Cascades Inc. announced a first investment of $5 million at its Norampac plant in Kingsey Falls, which aims to streamline this unit that manufactures linerboard made from 100% recycled fibres. The current project consists of expanding the building to replace the winder as well as create additional space for future investments, the company said in a statement received by Lesprom Network. Since its inception in 1964, while its production totalled 10 thousand tonnes per year, the plant, formerly called "Division Papier" (Paper Division), has invested $55 million in total in order to increase its annual production capacity to 90 thousand tonnes. At the end of this current project, whose subsequent phases are intended for 2010 and 2011, production capacity at the plant will be greater than 125 thousand tonnes per year. In 2008, more than $12 million was invested in the seven production units in Kingsey Falls alone. In Quebec, Cascades invested more than $50 million last year and approximately $175 million was allocated for fixed capital costs for the entire organization world-wide. In 2009, depending on the status of the global economic situation and its financial performance, Cascades intends to invest approximately $100 million in capital costs. Cascades produces, converts and markets packaging and tissue products composed mainly of recycled fibres.