Exhibit 12.1

Cascades Inc.

Statement Re: Computation of Ratios

(dollars in millions)

	2005			2006		2007		2008			2009
Earnings
Income (loss) from operations before taxes		(35	)		18		102		(110	)		65
Plus fixed charges		91			91		119		115			116
Plus amortization of capitalized interest		0			0		0		0			0
Earnings		56			110		222		6			182
Fixed Charges:
Interest expense, including amortization of debt issue costs		76			79		102		102			101
Capitalized interests		1			1		2		1			2
Estimated interest factor of rental expense		14			11		15		12			13
Fixed Charges		91			91		119		115			116
Ratio of Earnings to Fixed Charges (1)		0.62			1.20		1.86		0.05			1.56

(1) For purposes of calculating the ratio of earnings to fixed charges, “earnings” represents income from continuing operations before income taxes, plus fixed charges. “Fixed charges” consist of interest expense, including amortization of debt issuance costs and that portion of rental expense considered to be a reasonable approximation of interest.