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Norbord buoyed by OSB demand
Published:  27 July, 2010

Norbord has reported earnings of US$37m in the second quarter, as OSB shipments picked up 35% from the first quarter.

“All our operating mills ran full out this quarter and we benefited from the run-up in North American OSB prices,” said Barrie Shineton, Norbord president and ceo.

The company’s North American OSB mills ran at 100% of their capacity in the second quarter compared to 85% in the first quarter. All of the European mills operated at full capacity compared to 90% in the previous three months.

In the UK, year-to-date housing starts improved more than 75% over last year, supporting stronger panel demand, while German house starts were up 3%. European OSB prices improved 14% quarter-on-quarter due to high plywood prices, lower US imports and stronger demand.

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