CASCADES ANNOUNCES THE TEMPORARY SHUTDOWN OF ONE OF ITS TWO PAPER MACHINES AT ITS ST. HELENS, OREGON TISSUE FACILITY

Rhea-AI Summary

Cascades has announced a temporary shutdown of one of its two tissue paper machines at the St. Helens, Oregon facility, following inspections during a scheduled maintenance shutdown that began on September 11. The affected machine has an annual production capacity of 50,000 tons of tissue. While this shutdown is evaluated for its operational and financial impacts, the second machine remains unaffected. Cascades prioritizes employee safety and is actively assessing the condition of the building.

Positive

• Second tissue paper machine remains operational, minimizing disruption.
• Company prioritizes employee safety during maintenance.

Negative

• One machine with 50,000 tons capacity temporarily shutdown, affecting production.

KINGSEY FALLS, QC, Sept. 21, 2022 /PRNewswire/ - Cascades announces the temporary shutdown of one of its two tissue paper machines at its St. Helens, Oregon facility. The machine has an annual production capacity of 50,000 tons of tissue made from virgin fibre, and supplies the Company's converting plants, primarily the Scappoose, Oregon facility. Production of the second machine, located in a separate building, is not impacted.

Following inspections carried out as part of its annual maintenance shutdown which began on September 11, it was determined that additional verification of the structural condition of the building is required. The length of the shutdown is currently being determined. Cascades reiterates that the safety of its employees is a priority. The Company is evaluating the financial and operational impacts of this situation on the forecasts for its tissue operations in the current year and will provide additional information once this analysis has been completed.

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 10,000 women and men, who work in a network of nearly 80 production units in North America. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

View original content:https://www.prnewswire.com/news-releases/cascades-announces-the-temporary-shutdown-of-one-of-its-two-paper-machines-at-its-st-helens-oregon-tissue-facility-301630292.html

SOURCE Cascades Inc.

FAQ

What caused the shutdown of the tissue paper machine at Cascades' St. Helens facility?

The shutdown was initiated due to additional verification of the structural condition of the building during the annual maintenance inspections.

How long will the shutdown of the tissue paper machine at Cascades last?

The length of the shutdown is currently being determined as evaluations continue.

What is the production capacity of the machine that is temporarily shut down at Cascades?

The temporarily shut down machine has an annual production capacity of 50,000 tons of tissue made from virgin fibre.

Is the second tissue paper machine at the St. Helens facility affected by the shutdown?

No, the second tissue paper machine located in a separate building is not impacted.

When did the maintenance shutdown begin for Cascades?

The maintenance shutdown began on September 11.