Norbord Ran All European Mills At Maximum Capacity In 2014
Norbord operated all of its European manufacturing sites at full steam in the 2014 financial year. The company invested in expanding and optimizing its particleboard mill in Cowie, Scotland and in two OSB mills in Inverness, Scotland and Genk, Belgium during the year.
These projects boosted its four mills’ capacity by around 170 million sqft (3/8’’ basis) or roughly 150,000 m³ to almost 1.8bn sqft or 1.6m m³ per year. Manufacturing edged 5 % higher to 1.690bn sqft or 1.495m m³. The two OSB mills and the particleboard and MDF mill in Cowie set new production records. All five locations continued operating until scheduled stoppages for maintenance and holidays.
Norbord thus said that its capacity utilization increased to 105 %. Sales were 6 % higher than in 2013 at 1.663bn sqft or 1.472m m³. Norbord improved its European revenues by almost 10 % to US$510m as a result. Higher sales volumes, increased particleboard and MDF prices as well as currency effects associated with the stronger pound Sterling against the US dollar more than made up for lower OSB prices.
Higher wage, raw material and maintenance costs also slimmed earnings. Operating income, which was expressed as adjusted EBITDA, still climbed to US$47m. The EBITDA margin weakened to 9.2 %.
From EUWID: euwid-wood-products.com
Latest News
LP Opens New HQ
LP Building Solutions (LP) celebrated a landmark day in company history on Aug. 19, 2022 with the grand opening of its new global headquarters in Nashville, Tennessee. The new headquarters, which spans the top two floors—all 60,000 sq. ft.—of the Creative Office Building in Midtown’s Broadwest development, allows LP to further expand its corporate hybrid workplace model while upgrading its office environment…
PELICE 2022 Brought Everything From Taguchi To Board Quality Control
PART THREE: This is the third of a four-part series summarizing the presentations delivered during the Panel & Engineered Lumber International Conference & Expo (PELICE) held this spring and hosted by Panel World in Atlanta March 31 to April 1. The first two parts appeared in the May and July issues of Panel World, and the fourth and final selection will be in the upcoming November issue…
TP&EE Hosts Mass Timber Developments
The biennial Timber Processing & Energy Expo, following a pandemic-induced cancellation in 2020, returns this September 28-30 to the Portland Exposition Center in Portland, Ore. Hatton-Brown Expositions, an affiliate of Panel World magazine, has hosed the event since 2010.
“It’s hard to believe it has been four years since TP&EE was held, and what a strange trip it has been,” comments Rich Donnell, TP&EE Show Director and Editor-in-Chief of Panel World. “The important thing is that we’re back face-to-face. ‘Virtual’ is okay, but it’s not like being there.”
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!