Cascades acquires Virginia newsprint mill

P&PC Staff
July 26, 2018
By P&PC Staff
July 26, 2018 - Cascades Inc. has acquired the White Birch Paper Bear Island manufacturing facility in Virginia, for a cash consideration of US$34.2 million. Bear Island's current newsprint paper machine will be reconfigured by 2021 to produce recycled lightweight linerboard and medium for the North American market. Prior to the conversion, White Birch will temporarily operate the site as a newsprint mill.

Charles Malo, COO of Cascades containerboard packaging, said the Bear Island site is in an ideal location for raw material sourcing and logistics. "[There are] several advantages including access to an experienced workforce with expertise in paper making. Moreover, the site provides a platform for continued growth through downstream converting capacity."

The new machine is expected to have an annual production capacity of 400,000 U.S. tons. The conversion would require an estimated investment of between US$275 and US$300 million. Plans are to be finalized and approved by the Board of Directors in 2019.

Add comment

Disclaimer
Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.