Louisiana-Pacific to close Peace Valley OSB facility in Fort St John, Canada8 July 2019
Louisiana-Pacific Corporation (LP) has announced that its Peace Valley facility in Fort St John, British Columbia, will indefinitely curtail production of OSB.
“Despite efforts by our Peace Valley team to reduce costs over the past several months, this decision is necessary to support the optimisation of our OSB business in challenging market conditions,” said Jason Ringblom, LP Executive Vice President for OSB. “Declining housing starts, high wood costs and associated cost pressures require us to take this action that aligns with our performance driven strategy.”
Mr Ringblom added: “This decision ensures that LP is efficiently balancing our commodity OSB production with our customer demand and improving the overall competitiveness of our OSB business.”
The Peace Valley OSB mill currently employs approximately 190 people. It has a stated annual capacity of 800 million ft2 (3/8in basis).