- Business
- GreenFirst Forest Products Inc. is a Canadian entity focused on the production and distribution of timber materials across Canada and the United States. The company primarily engages in the forest products sector, crafting an array of spruce-pine-fir (SPF) lumber products, which include dimensional, stud, and random-size options. These foundational building components cater to diverse applications within residential, multi-family, and light industrial construction, as well as commercial developments and home renovation markets. Additionally, wood chips and other related by-products derived from its operations are supplied to pulp producers. Recently, GreenFirst has undergone a significant strategic transformation, moving towards becoming a dedicated lumber enterprise. This shift involves the divestiture of its newsprint operations, effectively streamlining its business focus as of late 2024. The company manages multiple sawmills predominantly located in Ontario, overseeing millions of hectares of FSC® certified public forest lands, underscoring its commitment to sustainable forest management. To bolster its operational capabilities and long-term competitiveness, GreenFirst has initiated capital expenditure programs, including a rights offering to fund improvements and enhance efficiency, with plans such as the Chapleau mill expansion set to boost productivity and reduce costs by 2026. The organization maintains its corporate base in Toronto, Canada.