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NORTH BAY, Ontario — GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) today announced adjustments to its operating schedule in response to continued challenging market conditions in the softwood lumber sector.
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Given current market conditions, GreenFirst will extend its holiday curtailment at three of its four sawmills — Hearst, Kapuskasing, and Cochrane — resulting in a three-week shutdown from December 22, 2025 to January 9, 2026.
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“Softwood lumber markets remain under significant pressure, and extending our holiday curtailment is a prudent step to better align production with current demand,” said Joël Fournier, Chief Executive Officer of GreenFirst.
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Market conditions continue to be impacted by soft North American demand and the ongoing effect of approximately 45% combined duties and tariffs on Canadian softwood lumber. These pressures have led to curtailments across the industry as producers work to balance supply with demand.
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GreenFirst will continue to closely monitor market dynamics and will adjust production plans as necessary to support the long-term sustainability of its operations and the communities in which it operates.
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About GreenFirst
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GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over 6 million hectares of FSC® certified public Ontario forestlands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provides GreenFirst with significant cyclical and secular advantages in building products.
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Contacts
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For more information, please visit: www.greenfirst.ca or contact Investor Relations at (416) 775 2821
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