Cascades to Build New Corrugated Packaging Plant In New Jersey
(USA, August 3, 2017) Cascades Inc. today announced an investment of US$80 million for the construction of a new 400,000 sq. ft. containerboard packaging plant in Piscataway, New Jersey (USA).
According to Cascades, the new plant will manufacture corrugated packaging products and create 120 jobs. Once all equipment is installed, total annual production capacity will be 2.4 billion square feet. Ultimately, this represents an increase in the integration rate of approximately 5%.
“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,” said Mario Plourde, President and Chief Executive Officer of Cascades. “It is also part of our continuing process to reorganize and consolidate our containerboard and packaging activities in the northeastern United States.”
Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging, added, “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 United States, the site was also chosen because it has room for subsequent development.”
Cascades expects the new plant to begin operations in the second quarter of 2018. (Source: Cascades, Inc.)