Greenfirst welcomes restart of Kap Paper operations

Executive Summary

• Greenfirst Forest Products Inc. welcomes the restart of operations at Kap Paper Inc., a key customer, which stabilizes the supply of sawmill residues in Northeastern Ontario.
• The company highlights strong collaboration between federal and provincial governments to support Northern Ontario communities and the forestry sector.
• Greenfirst has been informed that the federal government and Kap Paper leadership are exploring a longer-term project to transform the paper mill into a more competitive and sustainable facility.

Key Details

• Customer Operations: Kap Paper Inc. has announced the restart of operations at its facility.
• Supply Chain Impact: The restart addresses significant challenges facing the lumber industry by stabilizing the supply and use of sawmill residues across Northeastern Ontario.
• Strategic Collaboration: The federal government and Kap Paper leadership have agreed to collaborate on a longer-term project aimed at transforming the paper mill into a more competitive and sustainable facility.
• Company Profile: Greenfirst Forest Products is a forest-first business focused on sustainable forest management and lumber production, owning four sawmills and operating over 6.1 million hectares of FSC certified public Ontario forestlands.

Notable Quotes

• "I would like to thank both the provincial and federal governments for their commitment and support. This decision brings stability to our communities and helps build a strong foundation for continued growth and improvement of our business in Northern Ontario." — Joel Fournier, Chief Executive Officer, Greenfirst Forest Products Inc.