Cascades Inc. announced the buy-back of the 50 percent interest held by its partner Dalum Papir A/S in the Château-Thierry, France deinked pulp plant. The terms of the transaction have not been disclosed.
Opened in 1997, Greenfield was the first Cascades European plant, and its ninth worldwide, to manufacture market pulp from recovered fiber. The plant has an annual production capacity of approximately 150,000 metric tons.
Mario Plourde, president of Cascades' Specialty Products Group, said: "We are encouraged by the plant's turnaround since its acquisition. Its proximity to the Paris region affords us easy access to high quality recycled fibers besides contributing to sustainable development. Moreover, dried pulp is easily transportable, which gives the plant access to an important market."
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