Board Converting News, February 13, 2023

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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February 13, 2023

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