Latest news with #CascadesInc
Cision Canada
09-07-2025
- Business
- Cision Canada
Cascades to Release Second Quarter 2025 Financial Results on August 7, 2025 Français
KINGSEY FALLS, QC, July 9, 2025 /CNW/ - Cascades Inc. (TSX: CAS) will release its second quarter 2025 financial results before market open on Thursday, August 7, 2025, and will hold a conference call at 9:00 AM EDT to discuss results. The Conference call can be accessed by phone or via the Company's website: About Cascades Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 9,600 women and men across a network of 66 operating facilities, including 17 Recovery and Recycling facilities which are part of Corporate Activities and joint ventures managed by the Corporation, in North America. Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS. SOURCE Cascades Inc.
Winnipeg Free Press
08-07-2025
- Business
- Winnipeg Free Press
Cascades closes Niagara Falls, N.Y., manufacturing plant; more than 100 job losses
KINGSEY FALLS – Cascades Inc. says it's permanently closing its manufacturing facility in Niagara Falls, N.Y., after almost four decades. The decision has led to the loss of 123 jobs and closure costs are estimated at $5 million. Production is to end no later than Sept. 3. Cascades makes cardboard packaging, toilet paper, paper towels and other products. Executive vice-president Jean-David Tardif says it the closure was a difficult decision. But he says it was an essential part of the company's efforts to improve performance in its packaging segment. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 8, 2025. Companies in this story: (TSX: CAS)
Yahoo
08-07-2025
- Business
- Yahoo
Cascades closes Niagara Falls, N.Y., manufacturing plant; more than 100 job losses
KINGSEY FALLS — Cascades Inc. says it's permanently closing its manufacturing facility in Niagara Falls, N.Y., after almost four decades. The decision has led to the loss of 123 jobs and closure costs are estimated at $5 million. Production is to end no later than Sept. 3. Cascades makes cardboard packaging, toilet paper, paper towels and other products. Executive vice-president Jean-David Tardif says it the closure was a difficult decision. But he says it was an essential part of the company's efforts to improve performance in its packaging segment. This report by The Canadian Press was first published July 8, 2025. Companies in this story: (TSX: CAS) The Canadian Press
Cision Canada
08-07-2025
- Business
- Cision Canada
Cascades announces the permanent closure of its Niagara Falls corrugated medium manufacturing operations Français
KINGSEY FALLS, QC, July 8, 2025 /CNW/ - Cascades Inc. (TSX: CAS) announces that its corrugated medium manufacturing facility in Niagara Falls, NY will be permanently closed as part of the optimization of the Company's packaging production platform. Production will end no later than September 3, 2025. This announcement aligns with the Company's commitment to support strategic growth by focusing on profitability and customer service levels. The Niagara Falls production site has an annual production capacity of 200,000 short tons. A second machine at this facility was closed in 2023. Closure costs are estimated at approximately $5 million. "This is a difficult decision, but one that is an essential part of our focus on optimizing the performance of our Packaging sector," said Jean-David Tardif, Executive Vice-President, Packaging. "The future growth momentum for Cascades and our customers is very promising, and we are well positioned to capitalize on opportunities for strategic and sustainable growth. We know what we need to do to get there—simplify, optimize and focus," he added. Cascades would like to sincerely thank the 123 employees that are directly impacted by this decision and will work closely with them through the process. In particular, the company will provide job search support. The decision to close the facility in no way diminishes its major contribution to the local community, or the important achievements throughout its 38 years of operation. Cascades will ensure a seamless transition for its customers as a result of the synergies and optimization provided by its streamlined operating platform. Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 9,600 women and men across a network of 66 operating facilities, including 17 Recovery and Recycling facilities which are part of Corporate Activities and joint ventures managed by the Corporation, in North America. Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.
Globe and Mail
14-06-2025
- Business
- Globe and Mail
Cascades Announces that its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt
KINGSEY FALLS, QC, June 13, 2025 /CNW/ - Cascades Inc. (TSX: CAS) (the "Company"), announces that Greenpac Mill, LLC ("Greenpac"), the Company's 86.35% owned subsidiary, has successfully entered into an agreement to increase its existing revolving credit facility to US$250 million from US$150 million previously. Concurrently, the facility's maturity has been extended from December 2027 to June 2028. All other terms remain unchanged.
