Cascades Inc. has announced that it will close its packaging plant in Maspeth, New York, as part of the corporation’s modernization and optimization efforts in the Northeastern United States.
“To support our future development and better serve our customers, we are announcing today that the Maspeth plant’s output will gradually be redeployed to our other facilities. This decision was necessary, as the current site has reached its physical limits. This transition will be seamless for all of our customers. The property has already been put up for sale for US$72 million,” said Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging.
The plant, which currently employs 148 people, will close no later than December 31, 2018. In order to help staff impacted by this closure, Cascades will assess the possibility of relocating interested employees to its other facilities.
The company recently announced an investment of US$80 million for the construction of a new containerboard packaging facility in Piscataway, New Jersey. It will begin operations the second quarter of 2018.
