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Norbord has scaled back its investments

15.08.2019 − 

Norbord has reduced its investment activity slightly after largely completing projects in Grande Prairie, Alberta and Morayhill, Scotland. According to its interim report for the first half of the year, which was published on 1 August, the company invested about US$30m in each of the first two quarters. The company had spent about US$54m on boosting its manufacturing capacity in the second quarter of 2018; full-year investments reached US$204m. The company has earmarked around US$150m for investments this year. Norbord’s CEO Peter Wijnbergen said that this budget will likely not be used in full due to the slowdown on North American markets and falling earnings as a result.

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