Mr. Mario Plourde reports

CASCADES INVESTS $9 MILLION IN PISCATAWAY

Cascades Inc. has purchased a new printing press at its Piscataway, N.J., corrugated packaging converting facility.

"The purchase of an EVOL press, one of the fastest technologies in the world, will allow us to continue our growth in the Northeast and increase our ability to serve our current and future customers. This $9-million (U.S.) investment is part of our 2022-2024 strategic plan and is aimed at increasing our integration rate by adding additional converting capacity in the United States," said Mario Plourde, president and chief executive officer of Cascades.

The Piscataway plant, started in 2018, currently serves the distribution and food processing markets. It is one of the newest and most modern in Cascades' asset base. The purchase of this new press, the plant's sixth, will increase production capacity by 17 per cent, or the equivalent of 480 million square feet. The installation of the press will be completed by the end of April, 2023.

Cascades is the sixth-largest containerboard producer in North America and ranks 20th among the top 100 most responsible companies in the world, according to the prestigious Global 100 ranking produced by Corporate Knights.

The Piscataway plant currently employs over 175 people and is one of the region's top employers. This investment will require the hiring of 20 additional people in positions like general helpers, assistant operators, operators and shippers. A competitive salary and a flexible benefits program adapted to the employees' lifestyle is offered.

About Cascades Inc.

Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 10,000 talents across a network close to 80 facilities in North America. Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on while contributing to the well-being of people, communities and the entire planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.