Company records $10.2 million net realizable value charge in Q4 as combined duty and tariff rate rises to 45.16%.
GreenFirst Forest Products
Funding aims to bolster liquidity amid ongoing North American lumber market volatility.
Shutdown from December 22 to January 9 responds to soft demand and a 45% duty on Canadian lumber.
Company records $39.7 million duty charge as softwood lumber rate rises to 35.16% and begins commissioning new large log line at its Chapleau mill.
Kap Paper’s closure removes key outlet for wood by-products from GreenFirst mills.