LP To Curtail OSB Production In Texas
The decision follows a review of production requirements across LP’s manufacturing network and reflects current conditions in the OSB market. In evaluating its options, the company considered a range of factors, including operating costs, capital requirements, logistics, and long-term asset utilization.
“Current market conditions require us to align OSB production with demand,” says LP CEO Jason Ringblom. “While the near-term environment for OSB remains challenging, we are confident in LP’s strategy and our ability to create long-term value. Taking action now allows us to operate efficiently through the cycle while maintaining the flexibility to respond as market conditions improve. This decision is not a reflection of the performance or commitment of the Jasper team, whose contributions have helped strengthen LP for many years.”
Latest News
N.C. State University Forestry Professor Wins International Prize
An N.C. State University forestry professor has won an international prize for his work in the molecular genetics of forest trees. Ron Sederoff was awarded the 2017 Marcus Wallenberg Prize on Friday. He will receive…
Have A Question?
Send Us A Message