Building products maker Louisiana-Pacific Corp. said Thursday it will cut back on operations at five North American mills due to very low product demand and pricing.
The company said it expects a total of 240 to 250 mill down days in the fourth quarter at facilities that make oriented strand board (OSB), a construction material similar to plywood.
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A Louisiana-Pacific spokeswoman said there will be "minimal layoffs" during this time, but she did not give specific numbers.
The company's Silsbee, Texas, OSB mill is expected to curtail production for two weeks, starting immediately. On Oct. 23, its Carthage, Texas OSB mill will cut production for one week. In November, its Maniwaki, Canada, Athens, Ga. and Hayward, Wis. OSB mills will curtail production.
Louisiana-Pacific previously announced the indefinite closure of its St. Michel, Canada, OSB mill, which is included in the down days estimate.
