{"id":2004,"date":"2021-09-16T13:04:24","date_gmt":"2021-09-16T13:04:24","guid":{"rendered":"https:\/\/uwgroup.com.tr\/?p=2004"},"modified":"2021-09-16T13:04:27","modified_gmt":"2021-09-16T13:04:27","slug":"a-new-canadian-lumber-giant-enters-the-fray-as-greenfirst-acquires-6-mills","status":"publish","type":"post","link":"https:\/\/uwgroup.com.tr\/ar\/a-new-canadian-lumber-giant-enters-the-fray-as-greenfirst-acquires-6-mills\/","title":{"rendered":"A new Canadian lumber giant enters the fray as GreenFirst acquires 6 mills"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>ONTARIO and QUEBEC &#8211;&nbsp;<\/strong>GreenFirst Forest Products has closed on&nbsp;the previously announced acquisition of Rayonier Advanced Materials for $235 million. Rayonier operated six sawmills and one newsprint mill in Canada.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The acquisition establishes GreenFirst as a significant player in the Canadian forest products industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe closing of this transaction is a significant milestone for GreenFirst, representing the culmination of a year of hard work and tremendous effort by all those involved,&#8221; said chairman Paul Rivett. &#8220;GreenFirst is now well-capitalized to begin the first chapter of its plan to become a premier lumber producer in North America.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The mills produced 604 million board feet of lumber in 2020 and are capable of producing a &#8220;wide range of forest products used in residential and commercial construction, including dimensional lumber, wood chips, and by-products.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Collectively, the purchased assets rank as a top ten producer of lumber in Canada, based on recent publicly available industry rankings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Operational improvements are in the works.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur experienced management team has developed a plan which we believe will allow us to significantly reduce cash operating costs and potentially increase lumber capacity,&#8221; said GreenFirst CEO Rick Doman.\u00a0&#8220;We also intend to make improvements to the mills\u2019 management structure, sales processes, and supply chains which we expect will generate meaningful operational improvements.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"https:\/\/www.woodworkingnetwork.com\/news\/canadian-news\/new-canadian-lumber-giant-enters-fray-greenfirst-acquires-6-mills\">woodworkingnetwork<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ONTARIO and QUEBEC &#8211;&nbsp;GreenFirst Forest Products has closed on&nbsp;the previously announced acquisition of Rayonier Advanced Materials for $235 million. Rayonier [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-2004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novosti"],"translation":{"provider":"WPGlobus","version":"2.12.2","language":"ar","enabled_languages":["en","ru","ar","tr","zh"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false},"ar":{"title":false,"content":false,"excerpt":false},"tr":{"title":false,"content":false,"excerpt":false},"zh":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/posts\/2004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/comments?post=2004"}],"version-history":[{"count":1,"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/posts\/2004\/revisions"}],"predecessor-version":[{"id":2006,"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/posts\/2004\/revisions\/2006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/media\/2005"}],"wp:attachment":[{"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/media?parent=2004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/categories?post=2004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uwgroup.com.tr\/ar\/wp-json\/wp\/v2\/tags?post=2004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}