Raleigh, N.C. – 18 August 2014 - Cascades Tissue Group will open a new manufacturing facility in Scotland County, North Carolina. The company plans to create 68 new jobs and invest $62 million during the next three years in Wagram. The investment includes $55 million of new capital expenditure and converting equipment to be transferred from other facilities outside of North Carolina valued at $7 million.
“This investment in the Sandhills region of North Carolina not only provides much needed jobs, but also confirms a global company’s commitment to Scotland County in the years ahead,” said North Carolina Governor Pat McCrory.
Cascades Inc. is a multinational company based in Kingsey Falls, Quebec, Canada. The company produces eco-friendly packaging and tissue products. Founded in 1964 by three brothers, the company now employs nearly 12,000 people in more than 100 operating units across North America and Europe. Cascades Inc. currently employs 178 workers at facilities in Kinston and Rockingham, North Carolina. Today’s announcement will also secure existing jobs at the company’s other North Carolina locations.
"Cascades is expanding its presence in the Southeast, one of the fastest growing markets in the United States,” said Suzanne Blanchet, President and CEO of Cascades Tissue Group. “This investment in North Carolina will allow us to optimize our converting platform by relocating equipment presently used elsewhere, by adding new manufacturing equipment and installing robotized warehouse management. In doing so, we are moving closer to many key markets, improving our productivity and logistics while enhancing customer service.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $402,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Richmond Community College, Golden Leaf, Scotland County Economic Development Corporation, and Scotland County.
Source: North Carolina Department of Commerce