LP Celebrates Grand Opening of Houlton, Maine Laminated Strand Lumber (LSL) Facility
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Mill Making New LP(R) SolidStart(R) LSL Engineered Wood Product Line NASHVILLE, Tenn.--(Business Wire)-- Louisiana-Pacific Corporation (LP) (NYSE:LPX) today celebrated the grand opening of its Houlton, Maine, Laminated Strand Lumber (LSL) facility. Community leaders along with state and local dignitaries joined LP senior management and mill employees to cut the ceremonial ribbon and tour the new facility. Speaking at the event, Executive Vice President and CFO Curt Stevens said, "This event marks the successful completion of an important investment project for LP. The expansion and conversion of the Houlton oriented strand board mill to LSL represents the culmination of the major construction project we are celebrating in Maine today, as well as years of research and development across the company. LSL builds on LP's strength in strand technology with an engineered, consistent, environmentally friendly alternative to traditional lumber that our customers have been asking for." The Houlton facility opened in 1982 as an Oriented-Strand Board (OSB) mill. The expansion and conversion to an LSL mill represents an investment of more than $140 million. LP broke ground on the expansion in the fall of 2006, making first board in March of this year. Designed for an annual production capacity of seven million cubic feet, Houlton is LP's first LSL manufacturing facility, and one of the few facilities producing LSL in North America. LSL, a structural engineered wood product based on wood-strand technology, is used in a wide variety of residential construction applications including headers and beams, wall studs, roof beams and rafters, truss chords, rim boards and stair stringers. LP's product will be marketed under the LP(R) SolidStart(R) LSL line, and will be available through a network of more than 70 distributors. The first rail car of APA-approved 1.35E rated 1 3/4" laminated strand lumber was shipped from the mill on June 4. The facility will also manufacture 1.55E rated product and the industry's only 1.75E rated LSL. Houlton Plant Manager Skip Cleary said, "LP is very proud to be celebrating the new LSL facility with our employees and guests today. It will be the foundation of our contribution to the prosperity and quality of life in the Houlton community. " The expansion has added about 40 jobs to the Houlton mill, which now employs 158 workers. The mill's focus on safety and the environment has earned it designation as an Occupational Safety and Health Administration (OSHA) VPP site and membership in Environmental Protection Agency's (EPA) Performance Track program. It received the 2006 Maine Governor's Award for Business Excellence. LP, headquartered in Nashville, Tenn., is a premier supplier of building products, manufacturing innovative, high-quality commodity and specialty products to its retail, wholesale, homebuilding and industrial customers. Visit LP's Web site at www.lpcorp.com for additional information on the company. Louisiana-Pacific Corporation Mary Cohn, 615-986-5886 Copyright Business Wire 2008
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