The Nackawic pulp mill’s new owners are gearing up to infuse the operation with a $35 million investment.
The Nackawic pulp mill’s new owners are gearing up to infuse the operation with a $35 million investment.
The announcement comes just two days after the mil resumed production after a 16-month hiatus. January 16 marked the reopening of the facility, which closed when former owner Ste. Anne Nackawic declared bankruptcy.
Now, a new partnership between Tembec and India’s Aditya-Birla Group is preparing to invest millions in the facility in order to convert its pulp so that it can be used in rayon instead of paper.
According to a CBC report, CEO of AV Nackawic Dale Patterson confirmed that staff will be testing out the new process in the next few days, and if all goes well, cargo will begin to be shipped to the Port of Saint John by the end of the week.
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