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
Georgia-Pacific Announces Closure Of Two Southern Plywood Mills
Georgia-Pacific officials announced last week that the Crossett plywood mill is being closed permanently. On April 7, the company announced that the Crossett plywood facility and another in Talladega, Ala. were both being permanently closed.…
Have A Question?
Send Us A Message