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Norbord
Norbord Inc. was a Canadian company that manufactured wood-based panels and became the world's largest producer of oriented strand board (OSB). Norbord also manufactured particleboard, medium-density fibreboard (MDF) and related value-added products. Norbord had assets of approximately $1.7 billion and employs approximately 2,600 people at 17 plant locations in the United States, Canada and Europe. History The company was formed as a corporate spin-off of Noranda Mines. Until it was acquired by West Fraser Timber, Norbord was listed on the Toronto Stock Exchange and New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ... under the symbol "OSB". Structure Norbord operates 13 OSB mills, 1 MDF (medium density fibreboard) plant, 2 particleboard (chipboard) plan ...
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Oriented Strand Board
Oriented strand board (OSB) is a type of engineered wood similar to particle board, formed by adding adhesives and then compressing layers of wood strands (flakes) in specific orientations. It was invented by Armin Elmendorf in California in 1963. OSB may have a rough and variegated surface with the individual strips of around , lying unevenly across each other, and is produced in a variety of types and thicknesses. Uses OSB is a material with favorable mechanical properties that make it particularly suitable for load-bearing applications in construction. It is now more popular than plywood, commanding 66% of the North American structural panel market. The most common uses are as sheathing in walls, flooring, and roof decking. For exterior wall applications, panels are available with a radiant-barrier layer laminated to one side; this eases installation and increases energy performance of the building envelope. OSB is also used in furniture production. Manufacturing Oriente ...
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Oriented Strand Board
Oriented strand board (OSB) is a type of engineered wood similar to particle board, formed by adding adhesives and then compressing layers of wood strands (flakes) in specific orientations. It was invented by Armin Elmendorf in California in 1963. OSB may have a rough and variegated surface with the individual strips of around , lying unevenly across each other, and is produced in a variety of types and thicknesses. Uses OSB is a material with favorable mechanical properties that make it particularly suitable for load-bearing applications in construction. It is now more popular than plywood, commanding 66% of the North American structural panel market. The most common uses are as sheathing in walls, flooring, and roof decking. For exterior wall applications, panels are available with a radiant-barrier layer laminated to one side; this eases installation and increases energy performance of the building envelope. OSB is also used in furniture production. Manufacturing Oriente ...
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Particleboard
Particle board, also known as chipboard or low-density fiberboard, is an engineered wood product manufactured from wood chips and a synthetic resin or other suitable binder, which is pressed and extruded. Particle board is often confused with oriented strand board (OSB) (also known as flakeboard, or waferboard), a different type of fiberboard that uses machined wood flakes and offers more strength. Characteristics Particle board is cheaper, denser and more uniform than conventional wood and plywood and is substituted for them when cost is more important than strength and appearance. Particleboard can be made more appealing by painting or the use of wood veneers on visible surfaces. Though it is denser than conventional wood, it is the lightest and weakest type of fiberboard, except for insulation board. Medium-density fibreboard and hardboard, also called high-density fiberboard, are stronger and denser than particleboard. Different grades of particleboard have different densi ...
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Medium-density Fibreboard
Medium-density fibreboard (MDF) is an engineered wood product made by breaking down hardwood or softwood residuals into wood fibres, often in a defibrator, combining it with wax and a resin binder, and forming it into panels by applying high temperature and pressure. MDF is generally denser than plywood. It is made up of separated fibres but can be used as a building material similar in application to plywood. It is stronger and denser than particle board. The name derives from the distinction in densities of fibreboard. Large-scale production of MDF began in the 1980s, in both North America and Europe. Physical properties Over time, the term "MDF" has become a generic name for any dry-process fibre board. MDF is typically made up of 82% wood fibre, 9% urea-formaldehyde resin glue, 8% water, and 1% paraffin wax. The density is typically between . The range of density and classification as light-, standard-, or high-density board is a misnomer and confusing. The density of the b ...
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Noranda (mining Company)
Noranda Inc. was a mining and metallurgy company originally from Rouyn-Noranda, Quebec, Canada. It was listed on the TSX under the symbol NRD.LV. After eventually acquiring a large interest in rival mining company Falconbridge, it merged with that company in 2005. The combined company continued under the name Falconbridge Limited, ending the Noranda name. Only one year later in 2006 Falconbridge was acquired by the Swiss-based mining company Xstrata. On 2 May 2013 ownership of Xstrata was fully acquired by mining behemoth Glencore. History and operations Noranda was incorporated in 1922 as Noranda Mines under the leadership of James Y. Murdoch to exploit the Horne deposit, discovered by Edmond Henry Horne on mineral claims he staked in 1920. Extraction of copper began on 17 December 1927. Although extraction was originally predicted to last for only three years, additional reserves (the gigantic "Giant H Orebody") were quickly discovered; the mine would form the backbone of Nor ...
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West Fraser Timber
West Fraser Timber Co. Ltd. is a Canadian forestry company that produces lumber, LVL, MDF,OSB, plywood, pulp, newsprint, and wood chips based in Vancouver B.C., Canada. West Fraser Timber Co. Ltd. is a member of the Forest Products Association of Canada. West Fraser Timber Co. Ltd. was twice recognized as one of Canada's Most Admired Corporate Cultures and five times as Canada's Top 100 Employers in 2017. Also, the company was recently named for the fourth time as one of Canada's Top 100 Employers and Canada's Best Employer for Recent Graduates for 2018. History West Fraser was founded by three brothers from Seattle: Pete, Bill and Sam Ketcham in 1955. The three brothers decided to do business together and purchased a small planing mill in Quesnel, British Columbia. Over the years the company grew, "West Fraser has become the largest lumber manufacturer in North America with 8,600 employees globally – about 5,000 in Western Canada – at about 50 locations." In April 2020, ...
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Toronto
Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. Toronto is an international centre of business, finance, arts, sports and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world. Indigenous peoples have travelled through and inhabited the Toronto area, located on a broad sloping plateau interspersed with rivers, deep ravines, and urban forest, for more than 10,000 years. After the broadly disputed Toronto Purchase, when the Mississauga surrendered the area to the British Crown, the British established the town of York in 1793 and later designat ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ...
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Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be Boundaries between the continents of Earth#Asia and Europe, separated from Asia by the drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and E ...
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Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ...
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Toronto Stock Exchange
The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities. The Toronto Stock Exchange was established in 1861, and incorporated by the Legislative Assembly of Ontario in 1878. The Toronto Stock Exchange became the sole Canadian exchange for senior equities in 1999. In 2002, the exchange became a publicly-traded company and rebranded from the TSE to the ''TSX'' A broad range of businesses from Canada and abroad are represented on the exchange. In addition to conventional securities, the exchange lists various exchange-traded funds, split share corporations, income trusts and investment funds. More mining and oil and gas companies are listed on Toronto Stock Exch ...
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