KINGSEY FALLS, QC, June 12, 2017 /CNW Telbec/ - Cascades Inc. (TSX: CAS) is pleased to announce that S&P Dow Jones Indices LLC has confirmed that Cascades will be added to the S&P/TSX Composite Index effective June 19, 2017. Cascades will also be added to the SP/TSX Composite Dividend Index.
Mario Plourde, President and CEO, commented: "Our addition to this leading Canadian equity benchmark index is positive recognition of the steps we have taken in recent years to strengthen our platform, to deliver long-term operational and financial improvements, and to provide our partners, investors, clients and employees with measurable and sustainable added value."
Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The Company employs 11,000 employees, who work in close to 90 production units located in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on. Cascades' shares trade on the Toronto Stock Exchange, under the ticker symbol CAS.
SOURCE Cascades Inc.
Vice-President, Communications and Public Affairs
Jennifer Aitken, MBA
Director, Investor Relations
Media: Hugo D'Amours, Vice-President, Communications and Public Affairs, Cascades Inc., 418-573-2348, firstname.lastname@example.org; Information: Jennifer Aitken, MBA, Director, Investor Relations, Cascades Inc., 514-282-2697, email@example.com