Cascades Cap Ex
July 24, 2008 By Pulp & Paper Canada
Cascades is pouring $15 million into its Lachute tissue paper mill in Quebec. The capital, which includes a $3.1 mi…
Cascades is pouring $15 million into its Lachute tissue paper mill in Quebec. The capital, which includes a $3.1 million loan from Investissement Qubec, will help the company secure a high-tech conversion line for the plant, safeguarding 160 jobs in the process.
Construction is schedule to start this fall, and is expected to wrap up before the end of the year.
“[This] investment should enable the tissue group to increase its converting capacity as well as significantly increase efficiency at the Lachute plant, which will see five converting lines replaced by a single line, whose performance is far superior” stated Alain Lemaire, president and CEO of Cascades.
Th project also involves the purchase of land and expansion and modifications to the existing building.
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