GreenFirst Welcomes the Restart of Operations at One of Its Key Customers, Kap Paper Inc.

Executive Summary

• GreenFirst Forest Products announces the restart of operations at Kap Paper Inc., restoring sawmill residue processing in Northeastern Ontario.
• The restart is supported by both federal and provincial governments, providing supply stability for GreenFirst’s lumber business and local communities.
• Federal authorities and Kap Paper leadership will explore a longer‑term project to convert the mill into a more competitive and sustainable facility.

Key Details

• Restart Announcement: Kap Paper Inc. has resumed operations, addressing a critical shortage of sawmill residues for the regional lumber industry.
• Government Collaboration: The restart results from coordinated support from federal and provincial governments, underscoring public‑private partnership in Northern Ontario’s forestry sector.
• Impact on GreenFirst: Provides greater stability to GreenFirst’s feedstock supply chain, supporting its four sawmills that operate over 6.1 million hectares of FSC‑certified forestland.
• Community Benefits: Enhances economic stability for communities in Northeastern Ontario dependent on the mill’s operations.
• Future Plans: Federal government and Kap Paper leadership will explore a longer‑term transformation project aimed at making the facility more competitive and sustainable.
• CEO Statement: Joël Fournier, CEO of GreenFirst, thanked governmental partners and highlighted the restart as foundational for continued growth in Northern Ontario.

Notable Quotes

“I would like to thank both the provincial and federal governments for their commitment and support,” said Joël Fournier, GreenFirst’s CEO. “This decision brings stability to our communities and helps build a strong foundation for continued growth and improvement of our business in Northern Ontario.”