Cascades Invests In EVOL Press At New Jersey Facility
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month December 2022
Kingsey Falls, Quebec based Cascades, a leader in the recovery and manufacturing of green packaging and hy- giene products, announced its purchase of a new EVOL press at its Piscataway, New Jersey, 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 invest- ment is part of our 2022-2024 strategic plan and is aimed at increasing our integration rate by adding additional con- verting capacity in the United States," said Mario Plourde, President and CEO of Cascades. The Piscataway plant opened in 2018 and 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 percent, or the equiva- lent of 480 million square feet. The installation of the press will be completed by the end of April 2023. The Piscataway plant currently employs over 175 peo- ple and is one of the region's top employers. This invest- ment will require the hiring of 20 additional people. For more information, visit choosecascades.com .
Year
Actual
Percent Change Avg Week Percent Change
2022 2021
30.124 34.180
-11.9
7.927 8.545
-7.2
Industry Total
Year-to Date
December 2022
Year
Actual
Percent Change Avg Week Percent Change
2022 2021
400.520 416.189
-3.8
7.979 8.291
-3.8
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2022 2021
2.4260 2.7360
-11.3
32.5461 33.8321
-3.8
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Dec. Nov.
2.2603 2.2586
0.1
3.5 3.6
-2.8
Shipping Days
Year
Month
Year-to-Date
2022 2021
19 20
251 251
SOURCE: Fibre Box Association
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www.boardconvertingnews.com
February 13, 2023
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