Canadian green packaging manufacturer, Cascades Inc. (TSX: CAS), is making strategic investments amounting to $4.5 million in its Plastiques Cascades plant in Kingsey Falls and its Cascades Inopak plant in Drummondville, Quebec which specialises in the manufacture of packaging for fresh food made from recycled plastic.
The Plastiques Cascades and Cascades Inopak plants are part of the Cascades Specialty Products Group. The company explained that the plastics plant in Kingsey Falls produces polystyrene food trays with 25% recycled content used in the packaging of fresh food products such as meat, poultry and seafood which are sent to processing plants and grocers.
Cascades Inopak manufactures food packaging products and consumer goods made from PETE (polyethylene terephthalate), which the company said have a minimum of 60% post-consumer recycled content.
The investment will be used to replace a thermoforming line, add a pre-padding solution to the production line and install automated packaging lines.
According to the company this will make production more flexible, increase throughput and boost plant profitability, meaning existing jobs can be consolidated.
'The goal is to increase the company's market share in the food packaging sector, by continuing to propose innovative products that ensure an optimal shelf life for food and reduce our environmental footprint,” explained Mario Plourde, president and chief executive officer of Cascades.
The company added that the investments support its development strategy set out for the growing food packaging industry and that the new facilities will also reduce the physical strain associated with certain packaging activities, enabling it to offer a safer work environment to its employees.
Luc Langevin , president and chief operating officer of the Specialty Products Group commented: 'These investments are part of a process of asset modernisation at Cascades. They will boost our productivity, while also allowing us to better meet our customers' requirements and offer high-quality packaging. In the long term, this project will improve our positioning in certain competitive market segments.”
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