RE - Norampac Inc.: Closure of the Pointe-aux-Trembles Division.MONTREAL--(BUSINESS WIRE)--Feb. 19, 1998--NORAMPAC Management at Norampac Inc. announces the permanent closure of its Pointe-aux-Trembles plant located at 15,300 Sherbrooke Street East in Montreal. The closure is effective as of today, 11:00 p.m. The corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. products industry being highly competitive, the success of a business depends largely on the flexibility and willingness of the personnel to adapt when changes occur. The decision was made due to a production overcapacity o·ver·ca·pac·i·ty n. Too great a capacity for production of commodities or delivery of services in relation to actual need: the problem of overcapacity in many large industries. in the Montreal market. The unfavorable financial situation of the Pointe-aux- Trembles trembles porcine congenital tremor syndrome. plant since its acquisition in 1992, a low level of efficiency and, most of all, the absence of sufficient results following sustained efforts to redress Compensation for injuries sustained; recovery or restitution for harm or injury; damages or equitable relief. Access to the courts to gain Reparation for a wrong. REDRESS. The act of receiving satisfaction for an injury sustained. this operation, all accounted for this choice. The quality of services offered to Norampac's customers will not be affected by this closure. They will henceforth From this time forward. The term henceforth, when used in a legal document, statute, or other legal instrument, indicates that something will commence from the present time to the future, to the exclusion of the past. be served by the Group's five other plants located throughout Quebec. The company expects the enhanced operations of the other divisions of Norampac Inc. will lead the creation of new jobs thereby lessening the impact of the closure of the Pointe-aux-Trembles plant. Norampac Inc. aims to position itself strategically with further specialization A career option pursued by some attorneys that entails the acquisition of detailed knowledge of, and proficiency in, a particular area of law. As the law in the United States becomes increasingly complex and covers a greater number of subjects, more and more attorneys are of its other divisions in Quebec, to produce high added-value products and reinforce its position as market leader in the corrugated products industry. CONTACT: Norampac Inc. Mr. Alain Lemaire, 514/282-2635 or Norampac Inc. Mr. Marc-Andre Depin, 514/282-2635 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion