Consumables

Norampac Closes its Toronto Boxboard Mill Indefinitely

Monday 07. July 2008 - Management of Norampac, a division of Cascades Canada Inc. (CAS on the Toronto Stock Exchange) announces today the closure of its Toronto boxboard mill for an indefinite period of time, due to unfavourable factors.

Nearly 140 employees will be affected by this closure, which will be effective at the latest on September 14, 2008. The Toronto mill has an annual production capacity of coated recycled boxboard (CRB) of approximately 180,000 short tons. During the shutdown period, Norampac’s East Angus (QC), Jonquière (QC) and Versailles (CT) mills will ensure the supply of CRB to customers.

“This decision was taken to mitigate the negative impacts of several factors such as high labour costs, growing fibre supply costs and rising energy costs. Unfortunately, we do not have any other choice at this point than to suspend the mill’s operations,” stated Marc-André Dépin, President and Chief Executive Officer of Norampac.