Canadian Tissue Manufacturer Invests $62 Million In New Wagram, North Carolina, Manufacturing Plant
Based in Kingsey Falls, Quebec, the company produces eco-friendly packaging and tissue products. The company employs 178 workers at facilities in Kinston and Rockingham, North Carolina. The investment includes $55 million of new capital expenditure, such as building infrastructure, new equipment and other capitalized expenses, and converting equipment to be transferred from other facilities outside of North Carolina valued at $7 million.
"Cascades is expanding its presence in the Southeast, one of the fastest growing markets in the United States,” said Suzanne Blanchet, President/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.”
“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 Governor Pat McCrory. "Today's jobs announcement shows that by working together and effectively leveraging our state's talent and resources, North Carolina will continue to lead in manufacturing.”
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.
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.
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