GreenFirst Plans Major Investment to Boost Lumber Production
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GreenFirst Plans Major Investment to Boost Lumber Production

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

GreenFirst Forest Products is ramping up its strategic capital expenditure plan to boost its position in the lumber industry despite current low lumber prices. With planned investments of around $50 million, the company aims to increase production by 20% and reduce costs by 10%, setting itself up as a leading, low-cost lumber producer in North America.

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

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