Tag Archives: cascades

Cascades Revises Investment Total of Bear Island Machine Conversion Project

Cascades noted in its second quarter report that its strategic investment in a paper machine conversion project at its Bear Island paper mill in Ashland, Virginia, is progressing well despite the current environment of important cost inflation and delays in the completion of certain construction milestones due to labor and material availability. The project involves […]

Cascades launches isothermal packaging technology, inaugurates a new production site

Cascades continues to roll out its expansion plan in the isothermal packaging market by enhancing its line of meal boxes with technology that’s 20% more efficient than its current home delivery solution, and by commissioning a new production facility in York, Pennsylvania. Cascades is improving its line of northbox® isothermal packaging solutions by adding innovative […]

Cascades Reports Results for the First Quarter of 2022

Cascades Inc. (TSX: CAS) reports its unaudited financial results for the three-month period ended March 31, 2022. Q1 2022 Highlights (comparative figures have been restated to reflect discontinued operations1) Sales of $1,038 million (compared with $1,028 million in Q4 2021 and $942 million in Q1 2021) As reported (including specific items) Operating income (loss) of […]

Cascades launches expansion plan in the isothermal packaging market

Cascades today announced an expansion plan in the isothermal distribution market with the commissioning of a new production site in the western United States, in Tacoma (WA), and with the launch of new products under its northbox® brand of insulated boxes for fresh foods. The new Cascades Enviropac – Tacoma production site marks the start […]

Cascades to divest its equity interest in RdM Group

Cascades Inc. announces that the sale of its equity interest in Reno de Medici S.p.A. is now expected to be completed in the fourth quarter of 2021, versus previous expectations that it would close in the third quarter. The transaction is subject to the customary closing conditions, including the required merger control approvals. Founded in […]

Cascades to end its operations in Europe

Cascades announces that it has entered into an agreement with an affiliate of funds to sell its 57.6% equity interest in Reno De Medici S.p.A. for an all-cash price of €1.45 per share, corresponding to a total net cash consideration of approximately €315.3 million. The selling price represents a 24% premium to RDM’s 90-day volume […]

Valmet to supply an extensive paper machine grade conversion rebuild to Cascades in the United States

Valmet will supply an extensive paper machine grade conversion rebuild with a wide scope of automation and services for Cascades’ Bear Island mill in Virginia, the United States. In the project, paper machine PM 1, designed to produce a newspaper, will be rebuilt to produce high-quality, lightweight, 100 percent recycled linerboard and medium grades for […]

Scrap paper and plastic markets hit by confluence of forces

Supply and demand realities for key curbside materials are evolving fast, impacted by the coronavirus pandemic, domestic processing capacity increases, and other key trends, according to two experts. Bill Moore of Moore & Associates and Stephanie Baker of KW Plastics last week described the factors impacting recycled material end markets. They spoke during a session […]

Cascades Tissue Group wins award for reducing energy waste to a pulp

Cascades Tissue Group was selected by FOCUS ON ENERGY® to receive one of its 2020 Energy Efficiency Excellence Awards for its outstanding efforts to incorporate energy efficiency into its facility. Focus on Energy’s Excellence Awards honor program participants who have shown a commitment to leading in energy efficiency. With utility provider Xcel Energy, Cascades first began working with Focus on […]