Cascades will be added to the S&P/TSX Composite Index on June 19, 2017

S&P Dow Jones Indices  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.

Mr. 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.”

 

In 1Q2017 Cascades decreased Operating Income Before Depreciation (OIBD) by 8.5% amid 2.9% sales increase.

Check other wood business-related companies 1Q2017 schedules for financial and operating results.

Earlier Cascades announced a three-year partnership agreement with Tricentris

About Cascades:

The company is a North American leader in the recovery, manufacturing and converting of green packaging and tissue paper products. The products are composed mainly of recycled fibres. Cascades employs almost 11,000 people at more than 90 production units in North America and Europe.

Source: Woodbizforum