Louisiana-Pacific in venture with Chilean firm
Wood products giant Louisiana-Pacific has announced a planned joint venture agreement with Chile-based Masisa for oriented strand board (OSB) manufacturing capabilities in Ponta Grossa, Brazil.
The OSB assets were placed in service in 2003 and have an annual production capacity of 375 million square feet, according to a joint news release from the companies.
“This is an important addition to [Louisiana-Pacific’s] investments in South America and will accelerate progress toward our strategic objective of growing our international business,” said Rick Olszewski, executive vp-sales of Louisiana-Pacific’s specialty products businesses, and president of LP South America. “The Brazilian assets will help us continue to satisfy the growing need for structural panels in South America.”
LP currently operates an OSB and siding mill in Panguipulli, Chile, and is opening a second mill in Lautaro, Chile, in the first quarter of 2008. Additionally, LP is in the planning process of relocating its Woodland, Maine, OSB assets to a to-be-determined location in South America.
Louisiana-Pacific, based in Nashville, Tenn., is one of North America’s largest suppliers of building products.