Mr. Alain Lemaire reports

CASCADES INVESTS $13 MILLION IN VAUDREUIL AND DRUMMONDVILLE

Cascades Inc. has acquired and installed two new printing presses in its Quebec plants, Norampac-Vaudreuil and Norampac-Drummondville, which specialize in manufacturing corrugated packaging products.

Charles Malo, vice-president and chief operating officer for packaging at Norampac, stated: "This major investment in Quebec is part of our efforts to modernize Norampac's and Cascades' assets. Similar investments were made at several of Norampac's corrugated converting plants in Ontario, and productivity at the plants increased significantly. We believe that the investments in Quebec will have the same positive spinoffs, allowing us to respond more quickly to our customers' needs, offer packaging products of greater quality and increase our productivity."

The Evol presses, made by Japanese company Mitsubishi, offer the latest in printing technology, including high-speed production. The investment of more than $13-million will allow the Norampac plants to increase productivity, versatility and the quality of products. The new press at the Vaudreuil plant has been in operation since September, 2014, and the press at the Drummondville plant was commissioned at the beginning of November.

"The new state-of-the-art equipment is part of our plan to increase our productivity and market share by focusing on strategic sectors as a means of keeping the company on track as we move forward. Today's gesture demonstrates the trust we are placing in the employees at the Vaudreuil and Drummondville plants. Cascades will continue to grow here, as it will in the rest of North America," added Alain Lemaire, Cascades' executive chairman of the board.