Norbord Inc. was a Canadian company that manufactured wood-based panels and became the world's largest producer of
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). Norbord also manufactured
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 or ...
,
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 t ...
(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
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 territori ...
,
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 tot ...
and
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 subcontinent of Eurasia and it is located entirel ...
.
History
The company was formed as a
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.
Characte ...
of
Noranda Mines. Until it was acquired by
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 o ...
, Norbord was listed on the
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 ...
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) plants and 1 furniture plant.
Its OSB mills in the US are located in Minnesota, Georgia (2 lines), Mississippi, Alabama, South Carolina and 2 in Texas. In Canada there are 2 mills in Alberta, 1 in British Columbia, 1 in Ontario and 2 in Québec. In Europe there are mills located in Inverness (2 lines) and Cowie (2 lines), Scotland, in South Molton, England as well as in Genk, Belgium.
The MDF line is located in Cowie, Scotland.
Its particleboard lines are located in Cowie, Scotland and South Molton, England.
Norbord's furniture factory is based in South Molton, England.
Both lines in Inverness as well as the line in Genk produce OSB.
In 2016 Norbord announced an expansion of the Inverness facility by addition of a 55m continuous OSB line, expanding production capacity to 750.000 m³/year
References
External links
Norbord WebpageNorbord UK Webpagehttp://www.norbord.com/about-us/locations
Companies formerly listed on the Toronto Stock Exchange
Pulp and paper companies of Canada
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