Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Cascades Inc.
  6. News
  7. Summary
    CAS   CA1469001053

CASCADES INC.

(CAS)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 12/02 05:00:00 pm
13.4 CAD   +0.45%
09:31aCASCADES : RBC Conference
PU
11/26RBC Capital Markets Says Data Points to Lingering Weak Demand for Pulp, While Supply Chain Crisis Continues to Bite
MT
11/23CASCADES INC. : Ex-dividend day for
FA
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Cascades' Fourth Sustainability Action Plan: A Prix initiatives circulaires Winner

10/13/2021 | 10:13am EST

KINGSEY FALLS, QC, Oct. 13, 2021 /CNW Telbec/ - Cascades is pleased to announce that its fourth Sustainability Action Plan was a winner in the Medium and Large Business category of the Prix initiatives circulaires presented by Québec Circulaire.

This competition recognizes initiatives that redefine business models, and production and consumption methods, so as to accelerate the transition to a circular economy in Québec. Cascades' fourth Sustainability Action Plan, launched last spring, has been recognized as a catalyst for change in support of a circular business model; its "solutions driven" commitments, among the Plan's four main pillars, are the basis for this recognition. For the first time in its history, Cascades has set itself an eco-design target: 100% of the packaging manufactured and sold by the company will be recyclable, compostable or reusable by 2030.

"We're extremely proud to be recognized for driving positive change in terms of the circular economy. Cascades built its business model based on the conviction that the materials rejected by some could be useful to others. Seeing the enthusiasm for the circular economy today, shared by so many organizations, motivates us to do even more in collaboration with our customers and partners. We would like to thank Québec Circulaire for this honour and their tremendous contribution to promote the circular economy to life," said Mario Plourde, President and Chief Executive Officer of Cascades.

As a major stakeholder in North America's recovery and recycling chain, Cascades operates 17 sorting centres and 83% of the fibres it incorporates into its hygiene and packaging products are recycled. More than 90% of its products are currently recyclable. The company diverts 2.2 million tonnes of fibre from landfills annually by integrating them into its products manufactured in North America, thereby saving more than 31.7 million trees from being cut down. In 2020, 13,112 tonnes of recycled plastic were used to manufacture its food packaging. As well, 80% of the company's manufacturing waste is given a second life, mainly by being reused to enrich the soil, fertilize agricultural land or supply biomass boilers.

The general public is invited to vote for their favourite initiative among the five declared winners, in order to award the competition's ultimate prize: the Prix coup de cœur. The vote takes place until October 17 under this link.

To review the plan in full, refer to the Sustainability Action Plan - Cascades.

Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs more than 11,700 women and men across a network of 85 facilities in North America and Europe. Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

Cision
View original content:https://www.prnewswire.com/news-releases/cascades-fourth-sustainability-action-plan-a-prix-initiatives-circulaires-winner-301399398.html

SOURCE Cascades Inc.

© Canada Newswire, source Canada Newswire English

All news about CASCADES INC.
09:31aCASCADES : RBC Conference
PU
11/26RBC Capital Markets Says Data Points to Lingering Weak Demand for Pulp, While Supply Ch..
MT
11/23CASCADES INC. : Ex-dividend day for
FA
11/22RBC on Paper, Packaging & Forest Products
MT
11/12CASCADES : Q3 - Financial Results
PU
11/11Cascades Declares Quarterly Dividend, Payable December 9, 2021
CI
11/11Cascades reports Q3 profit down from year ago, revenue edged higher
AQ
11/11Cascades Books Q3 Adjusted Loss of $0.01 per Share, Expects "Sequentially Stable" Q4 Re..
MT
11/11Cascades Reports Results for the Third Quarter of 2021
AQ
11/11Cascades Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended Sept..
CI
More news
Analyst Recommendations on CASCADES INC.
More recommendations
Financials
Sales 2021 4 143 M 3 230 M 3 230 M
Net income 2021 75,6 M 58,9 M 58,9 M
Net Debt 2021 1 249 M 974 M 974 M
P/E ratio 2021 18,1x
Yield 2021 2,99%
Capitalization 1 352 M 1 055 M 1 054 M
EV / Sales 2021 0,63x
EV / Sales 2022 0,60x
Nbr of Employees 9 700
Free-Float 83,6%
Chart CASCADES INC.
Duration : Period :
Cascades Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CASCADES INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 13,40 CAD
Average target price 19,00 CAD
Spread / Average Target 41,8%
EPS Revisions
Managers and Directors
Mario Plourde President, CEO & Non-Independent Director
Allan Hogg Chief Financial Officer & Vice-President
Alain Lemaire Executive Chairman
Dominic DorÚ Chief Supply Chain & Information Officer
╔lise Pelletier Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CASCADES INC.-8.32%1 055
INTERNATIONAL PAPER COMPANY-8.45%17 477
SMURFIT KAPPA GROUP PLC20.08%13 311
PACKAGING CORPORATION OF AMERICA-5.31%12 215
MONDI PLC4.19%11 569
WESTROCK COMPANY-0.02%11 533