Norbord Announces Reduced Production Schedule for Line 1 at Cordele, Georgia OSB Mill
Norbord Inc. (“Norbord”) announced that effective September 5th, Line 1 of its two-line oriented strand board (“OSB”) mill in Cordele, Georgia will operate on a reduced 10/4 schedule until further notice due to continued poor market conditions.
US homebuilding activity has been pulling back since the fall of last year, resulting in lower-than-anticipated OSB demand to-date. The reduced production schedule at Cordele Line 1 will ensure Norbord continues to only produce what the company can sell as the market approaches the seasonally slower winter months.
Norbord will continue to serve its customers without disruption. The Cordele, Georgia mill has two production lines and a total stated annual production capacity of 1,040 million square feet (3/8-inch basis). The reduced production schedule on Line 1 will impact approximately 12% of the mill’s available capacity.
Norbord Inc. is a leading global manufacturer of wood-based panels and the world’s largest producer of oriented strand board (OSB). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard and related value-added products. Norbord has assets of approximately $1.9 billion and employs approximately 2,700 people at 17 plant locations in the United States, Canada and Europe. Norbord is a publicly traded company listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol “OSB”.
Heather Colpitts – Director Corporate Affairs – email@example.com – (416) 365-0705
Source: Norbord Inc.