Results Surge on Rising Panel Prices; Maintaining FVE as Strong Loonie Offsets Higher Price Forecast
Norbord enjoyed a very strong second quarter, thanks primarily to the sustained increase in oriented strand board (OSB) prices throughout the first half of the year. The Random Lengths OSB Composite advanced 26% from last year to $364 during the second quarter of 2017. European demand for OSB also remained solid, with Norbord producing at 105% of nameplate capacity. Consequently, we've lifted our near-term price forecast for OSB, which has been offset by a stronger Canadian dollar. This leaves o...Norbord is a producer of wood-based panels with 17 plant locations in the U.S., Europe and Canada.
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