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

Core Insights - GreenFirst Forest Products Inc. welcomes the restart of operations at Kap Paper Inc., emphasizing collaboration between federal and provincial governments to support Northern Ontario communities and the forestry sector [1][2][3] Group 1: Company Developments - The resumption of operations at Kap Paper is expected to stabilize the supply and use of sawmill residues in Northeastern Ontario, addressing challenges in the lumber industry [2] - GreenFirst's CEO, Joël Fournier, expressed gratitude towards government support, highlighting the stability this decision brings to communities and the foundation it lays for business growth in Northern Ontario [3] - The federal government and Kap Paper leadership are exploring a long-term project to transform the paper mill into a more competitive and sustainable facility [3] Group 2: Industry Context - The restart of Kap Paper operations is crucial for stabilizing the forestry sector in Northeastern Ontario, which has faced significant challenges [2][7] - GreenFirst operates four sawmills across 6.1 million hectares of FSC® certified public Ontario forestlands, focusing on sustainable forest management and lumber production [4]