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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.

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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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