Posts Tagged ‘Aditya Birla Group’
Filed under: Dissolving Pulp
Terrace Bay Mill Purchased To Produce Dissolving Pulp
by Trevor J. Murphy on Jul 24th, 2012
A pulp mill in Terrace Bay has found a new lease on life thanks to its new owner who intends to transform the facility into a dissolving pulp plant. Indian-owned Aditya Birla Group purchased the northwestern Ontario mill earlier this month through its Canadian subsidiary AV Group. The reported price of purchase for the idled mill was $110 million, according to Pulp and Paper Canada, though the company will invest nearly $250 million more to co...