According to the October 2017 Printing-Writing Monthly report from the American Forest & Paper Association, total printing-writing paper shipments decreased seven percent in October compared to October 2016. Shipments of uncoated free sheet managed a year-over-year increase but this was more than offset by decreases in the remaining three major printing-writing grades. U.S. purchases of printing-writing papers also decreased, down nine percent in October. Total printing-writing paper inventory levels decreased nine percent from September 2017. •October uncoated free sheet (UFS) paper shipments increased year-over-year for the second time this year. Imports of UFS decreased by 12 percent year-over-year in September – the fourth consecutive decrease of 12 percent or more. Meanwhile, exports of UFS papers continue to climb, up 26 percent year-over-year in September, the fifth consecutive increase of 17 percent or higher. •Recent mill shuts leave coated free sheet (CFS) paper shipments down year-over-year. This is a significant change from last month’s peak for the year, as two recent mill shuts factor in to the decline this month. U.S. imports of CFS papers decreased 17 percent year-over-year in September, the third consecutive year-over-year decline. Meanwhile, exports of CFS papers increased 4 percent year-over-year in September, the seventh increase in the past nine months. •Coated mechanical (CM) paper shipments declined year-over-year in October for the fifth consecutive month. Imports of CM increased in September, up 23 percent compared to September 2016. Exports of CM decreased, down 9 percent in September to 24,200 tons – the lowest level in more than five years. •Shipments of uncoated mechanical (UM) papers have declined year-over-year in every month when compared to the same month in 2016. Imports of UM decreased 13 percent year-over-year in September and exports of UM decreased 4 percent year-over-year in September.
Cascades Inc. (TSX: CAS), leader in the recovery and manufacturing of green packaging and tissue products, is pleased to announce that it has taken a majority position in Longhorn Paper Converting, a tissue converting plant in Grand Prairie, Texas , USA.
While recent investments have consolidated Cascades’ presence on the American west coast, this latest initiative will expand its coverage of the US even further. Owing to its strategic location, this converting plant will foster synergies and enhance Cascades’ integration rate in the region by converting parent rolls manufactured in other Cascades plants.
“This heightened presence in south-central US is a concrete example of our company’s desire to serve its customers coast-to-coast,” commented Mario Plourde, President and Chief Executive Officer of Cascades. “This initiative, which is part of our strategic development plan, will allow us to continue to grow in a region that offers potential for this core segment of our business.”
“This investment has widened our presence in the US and will allow to take another important step toward achieving our objective of expanding into key markets in the southern and western United States. It will also enable us to provide even greater quality and flexibility to our American customers. Moreover, Longhorn Paper Converting offers us medium-term growth opportunities,” underscored Jean Jobin, President and Chief Operating Officer of Cascades Tissue Group.
The terms and conditions of the transaction have not been disclosed.