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LP to Curtail OSB Press Production

Nashville, Tennessee, USA, 24 August 2011 -- (BUSINESS WIRE) -- Louisiana-Pacific Corporation (LP) announced today that its mill in Dawson Creek, British Columbia, Canada, will curtail press production of oriented strand board (OSB) beginning 25 August. The mill will continue to manufacture barrier sheathing to support its customers' needs in West Coast markets.

LP will continue to use its strong manufacturing footprint to maintain its position as the premier supplier of the full range of value-added OSB products, including barrier sheathing, OSB sub-flooring, and fire-rated OSB sheathing, all of which are in demand by builders in all markets.

The Dawson Creek OSB mill was constructed in 1987 and currently employs 114 people. After winterization and preparations for press shutdown are completed, about 26 employees will be retained to operate the radiant barrier line and maintain the plant and equipment.

"Today and in the future, our Dawson mill has a role to play in our company," said Executive Vice President of OSB Jeff Wagner said. "We will continue to run the [radiant barrier] line there, and we firmly believe that we will resume OSB press production at the mill as housing starts to improve. We are maintaining our wood license and mill equipment to be ready to resume press production when housing activity permits."

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial, and light commercial construction. From manufacturing facilities in the United States, Canada, Chile, and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers. Founded in 1973, LP is headquartered in Nashville, Tennessee.


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