Louisiana-Pacific announces OSB curtailments
Nashville, Tenn.-based wood products giant Louisiana-Pacific (LP) has announced oriented strand board (OSB) production shutdowns, following a drop in demand in the housing sector.
LP has shut down operations at its Silsbee, Texas-based OSB mill for an indefinite period of time. The mill has an annual production capacity of 350 million square feet and employs 147 people.
"The curtailment of our Silsbee operations is a difficult but necessary economic decision," said LP's executive vp-OSB, Jeff Wagner. "Despite the hard work and continuous efforts of our employees, the cost of production at Silsbee remains too high to be competitive during this extended downturn in new residential construction."
The company also will curtail OSB production at its facility in Hayward, Wis., until Oct. 31 because of poor market conditions. The company will continue producing its “SmartSide” brand composite wood siding at the Hayward facility.
LP provides building products to retail, wholesale, home-building and industrial customers.