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LP’s OSB works conversion to get 4.5m CAD in funding

14.02.2019 − 

The US company Louisiana-Pacific is to receive 4.5m CAD in government funding for the ongoing conversion of the Canadian OSB works Dawson Creek of British Columbia to the production of sidings. According to a release published by Natural Resources Canada (NRCan) on 30 January, the funds for the project costing a total of 161m CAD are being provided through NRCan’s IFIT (Investments in Forest Industry Transformation) scheme.

The plans for transforming the OSB plant had been announced by Louisiana-Pacific in May 2017. The board of directors gave the refit project costing a total of 130m US$ its approval in July. Initial earthworks and external foundation work began in the third quarter of 2017 and the facility was then reassigned from the “OSB” division to the “Sidings” segment on 1 January 2018. The works geared to an annual capacity of 390m sqft (3/8” basis’) subsequently continued to produce OSB until November. The conversion work underway since then will probably be completed in mid-February. When the facility resumes operation, it will have an annual output of roughly 300m sqft of “SmartSide” lap sidings in future.

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