Norbord

The Worldwide Oriented Strand Board Industry is Projected to Reach $44.3 Billion by 2030

Retrieved on: 
Tuesday, November 8, 2022
Environment, Steel, Acquisition, OSB, Growth, Application, CAGR, Tolko, Oriented strand board, Sonae Indústria, Greenhouse, Housing, Koch Industries, Wood, Louisiana-Pacific, Aluminium, Benchmarking, Porter's five forces analysis, Coal, Engineered wood, Retail, Norbord, Collits' Inn, West Fraser

The global oriented strand board market was valued at $25,550.2 million in 2020, and is projected to reach $44,320.8 million by 2030, growing at a CAGR of 5.4% from 2020 to 2030.

Key Points: 
  • The global oriented strand board market was valued at $25,550.2 million in 2020, and is projected to reach $44,320.8 million by 2030, growing at a CAGR of 5.4% from 2020 to 2030.
  • The oriented strand board market is primarily driven by increase in renovation and remodeling of older homes.
  • In addition, new housing projects are also responsible for growth of the oriented strand board market.
  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global oriented strand board market analysis from 2020 to 2030 to identify the prevailing global oriented strand board market opportunities.

Ahead of Economic Downturn, New Instructional Center Opens in Houston Providing No-Cost Training in Construction Skills State of Texas Approves Trade Education Curriculum

Retrieved on: 
Monday, October 3, 2022
Demolished public housing projects in Atlanta, VP, Hurricane Harvey, Student, RWC, Workforce, Texas Education Agency, Unemployment, Marketing, HBI, Hotel manager, Curriculum, National Association of Home Builders, Learning, U.S. Department of Labor, Office of Inspector General, Industry, CEO, U.S. Department of Defense Strategy for Operating in Cyberspace, Federal, Houston Academy for International Studies, Education, Texas Association, Federal Reserve, Foundation, Veteran, Builder, Klein Tools, Housing, National Association, Program, Harwin Drive, HVAC, U.S.–Afghanistan Strategic Partnership Agreement, Medicine, Management, Tutoring, Norbord, American Standard

The Houston academy will use HBI's industry-recognized curriculum designed to transform students into trained, pre-apprentices sought-after by builders.

Key Points: 
  • The Houston academy will use HBI's industry-recognized curriculum designed to transform students into trained, pre-apprentices sought-after by builders.
  • At the event, Brady also announced the Texas Education Agency has approved HBI's pre-apprenticeship certificate training programs for secondary schools .
  • Learning the skills to build and improve our communities creates wonderful opportunities for individuals and the greater Houston community."
  • HBI is the nation's leading nonprofit provider of trade skills training and education for the building industry.

Norbord Obtains Final Court Approval of the Plan of Arrangement and West Fraser Obtains Conditional NYSE Listing Approval

Retrieved on: 
Saturday, January 23, 2021
Norbord, Companies, New York City

West Fraser Shares currently trade on the TSX under the symbol: "WFT".

Key Points: 
  • West Fraser Shares currently trade on the TSX under the symbol: "WFT".
  • Norbord Inc. is a leading global manufacturer of wood-based panels and the world's largest producer of oriented strand board (OSB).
  • Norbord has assets of approximately $2.1 billion and employs approximately 2,400 people at 17 plant locations (15 operating) in the United States, Canada and Europe.
  • Norbord is a publicly traded company listed on the TSX and the NYSE under the symbol "OSB".

OSB Market Trends to Watch Through 2024

Retrieved on: 
Wednesday, December 23, 2020
Composite materials, Materials, Matter, Goods economics), Oriented strand board, Particle board, Engineered wood, OSB, Medium-density fibreboard, Fiberboard, Norbord

Demand for OSB in engineered wood products is forecast to grow at an above average pace as OSB takes share from medium density fiberboard and particleboard on the strength of its significantly lower cost.

Key Points: 
  • Demand for OSB in engineered wood products is forecast to grow at an above average pace as OSB takes share from medium density fiberboard and particleboard on the strength of its significantly lower cost.
  • In 2019, the top six suppliers of OSB to the US accounted for over 75% of demand and an even greater amount of US production of these products.
  • This study examines the US market for oriented strand board (OSB) wood panels.
  • Historical data for 2009, 2014, and 2019 and forecasts to the years 2024 and 2029 are provided for OSB production and demand in square feet and current dollars.

Norbord Publishes 2020 Environmental, Social and Governance (ESG) Report

Retrieved on: 
Thursday, December 17, 2020
Environmentalism, Norbord, Sustainability, ESG, Articles, Natural environment

TORONTO, Dec. 17, 2020 /PRNewswire/ -Norbord Inc. (TSX and NYSE: OSB) today announced the release of its 2020 Environmental, Social and Governance (ESG) report, covering its sustainability ambitions, approach and detailed performance data across a range of ESG topics.

Key Points: 
  • TORONTO, Dec. 17, 2020 /PRNewswire/ -Norbord Inc. (TSX and NYSE: OSB) today announced the release of its 2020 Environmental, Social and Governance (ESG) report, covering its sustainability ambitions, approach and detailed performance data across a range of ESG topics.
  • The report presents the highlights of the Company's performance in 2019, as well as some key highlights during the first and second quarters of 2020.
  • "At Norbord, we are proud to be an efficient manufacturer of innovative, affordable and environmentally sustainable wood-based panels," said Peter Wijnbergen, Norbord's President & CEO.
  • "For Norbord, sustainability is all about how we continue to create economic growth while caring for society and the natural world," he added.

Freedonia Analyst Weighs In On West Fraser's Acquisition of Norbord

Retrieved on: 
Wednesday, November 25, 2020
Materials, Composite materials, Wood, Wood products, Goods economics), Building materials, Forestry, Norbord, Timber industry, Engineered wood, Oriented strand board, Lumber

According to Freedonia Group industry analyst Matt Zielenski, "This transaction will create a leading supplier of a full range of wood-based building materials.

Key Points: 
  • According to Freedonia Group industry analyst Matt Zielenski, "This transaction will create a leading supplier of a full range of wood-based building materials.
  • West Fraser is already a key player in the industry due to its leading position in the wood lumber, wood panels, and engineered wood products markets.
  • By acquiring Norbord, West Fraser adds to its extensive wood panel and engineered wood products manufacturing capacity, and, more importantly, expands its portfolio by adding Norbord's OSB product lines.
  • Thus, West Fraser can position itself as the leader supplier of nearly all of the wood products used in construction applications."

NORBORD ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of OSB and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, November 23, 2020
Financial markets, Financial economics, Stock market, Finance, Corporate finance, Equity securities, Norbord, Common stock, Security, Stock, Derivative

On November 19, 2020, Norbord announced that it had signed an agreement to be acquired by West Fraser for approximately $3.1 billion.

Key Points: 
  • On November 19, 2020, Norbord announced that it had signed an agreement to be acquired by West Fraser for approximately $3.1 billion.
  • Pursuant to the merger agreement, Norbord stockholders will receive 0.675 shares of West Fraser common stock for each share of Norbord common stock owned.
  • Bragar Eagel & Squire is concerned that Norbords board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

West Fraser to Acquire Norbord, Creating a Diversified Global Wood Products Leader

Retrieved on: 
Thursday, November 19, 2020
Norbord

With a complementary range of products, increased scale, and greater geographic and end-market diversification, West Fraser will be a global wood products leader, with established and growing positions in both North America and Europe.

Key Points: 
  • With a complementary range of products, increased scale, and greater geographic and end-market diversification, West Fraser will be a global wood products leader, with established and growing positions in both North America and Europe.
  • At the close of this Transaction, West Fraser will be a top global producer of both lumber and OSB.
  • Our Board and executive team have great respect for West Fraser, and we look forward to being a part of a much broader business with the West Fraser team."
  • The companies have entered into a definitive agreement pursuant to which West Fraser will acquire all of the shares of Norbord.

Norbord Inc. Announces Election of Board of Directors

Retrieved on: 
Wednesday, May 6, 2020
Corporate law, Business, Norbord, Board of directors, Corporations, Companies

TORONTO, May 6, 2020 /PRNewswire/ -Norbord Inc. (TSX and NYSE: OSB) announced results from its 2020 annual meeting of shareholders held earlier today.

Key Points: 
  • TORONTO, May 6, 2020 /PRNewswire/ -Norbord Inc. (TSX and NYSE: OSB) announced results from its 2020 annual meeting of shareholders held earlier today.
  • All of the nine nominees listed in the Corporation's Management Proxy Circular dated March 9, 2020 proposed by management for election to the Board of Directors at the annual meeting of shareholders were elected by acclamation.
  • The Directors will remain in office until the next annual meeting of shareholders or until their successors are elected or appointed.
  • The proxies received by management were as follows:

Norbord Announces Reduced Operating Schedules and Capital Expenditures as Part of COVID-19 Response Plan

Retrieved on: 
Wednesday, March 25, 2020
Norbord

This adjusted operating configuration will initially result in a 25% reduction to Norbord's currently operating North American mill capacity.

Key Points: 
  • This adjusted operating configuration will initially result in a 25% reduction to Norbord's currently operating North American mill capacity.
  • The Company does not intend to provide further operational updates unless there is a significant change in this curtailment strategy.
  • Norbord's European business is prepared to take similar action and will adjust mill operating schedules as needed to match production with demand.
  • Norbord Inc. is a leading global manufacturer of wood-based panels and the world's largest producer of oriented strand board.