Grasim Ind's Canada JV to pause ops of Nackawic pulp unit from Oct
This story was originally published at 16:09 IST on 18 September 2026
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--Grasim's Canada JV to shut pulp mfg at Nackawic unit temporarily from Oct
--Grasim: Pulp mfg at Canada JV unit being shut due to challenging market
--Grasim: Canada JV Nackawic unit pulp mfg capacity is at 190,000 tpa
MUMBAI – Grasim Industries Ltd. Friday said AV Group NB Inc., its Canada-based pulp manufacturing joint venture, will temporarily close operations at its facility at Nackawic, New Brunswick, around the end of October. The facility will be shut due to challenges in the market and macroeconomic factors, the company said in an exchange filing.
The Nackawic facility has 190,000 tonnes per annum capacity for dissolving-grade pulp. Grasim holds a 45% stake in the joint venture, with an investment of INR 1.87 billion. Friday, shares of Grasim Industries ended over 1% higher at INR 3,209.20 on the National Stock Exchange. For the June quarter, the company had reported a net profit of INR 2.47 billion on revenue of INR 117.95 billion. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Vidhi Thacker
Edited by Himanshi Gupta
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