GreenFirst Aims for Enhanced Cost-Efficiency
Company Announcements

GreenFirst Aims for Enhanced Cost-Efficiency

GreenFirst Forest Products Inc. (TSE:GFP) has released an update.

GreenFirst Forest Products Inc. has outlined a strategic plan to improve cost-efficiency, targeting an approximate $8 million reduction in annual SG&A and overhead expenses, equating to a 15% cut in overhead personnel and 30% in SG&A costs. These savings are expected to be fully realized in the latter half of 2024, reflecting the company’s ongoing commitment to enhance shareholder value and maintain operational excellence without compromising safety or quality. In line with these efforts, GreenFirst is also streamlining its Board of Directors as part of its focus on efficient, sustainable operations within its Ontario forestry and lumber production business.

For further insights into TSE:GFP stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskGreenFirst Delays Amendments, Announces Share Consolidation
TipRanks Canadian Auto-Generated NewsdeskGreenFirst Gains Court Approval for Share Distribution
TipRanks Canadian Auto-Generated NewsdeskGreenFirst Share Consolidation and Split Approved
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App