LP business picking up
Published: 24 June, 2009
American lumber panels and engineered wood producer Louisiana-Pacific Corporation (LP) saw its losses narrow in the first quarter and expects activity to increase in the remainder of the year.
LP recorded an operating loss of US$42.5m compared with a loss of US$85.7m a year ago. Sales of US$204.6m were down 41% on a year ago.
The OSB division reported an operating loss of US$24.2m – an improvement of 61%, while the siding business showed a US$2.1m profit.
Related articles:
Most Read Articles
- Earthquake hits Chilean panel industry
- LP develops fire-resistant OSB
- Weyerhaeuser makes loss
- Petition over biomass subsidies
- Partnership in a pellet venture
- Three lose lives in explosion at particl...
- Grant Forest Products could be acquired...
- The slow and painful recovery has begun
- Uniboard presses button on MDF/HDF plant...
- Andreas Weidenholzer takes Swedspan role
