Companies in the timber industry / Daily News / Statistics / Wood Products / Wood-based panels / Global / North America
February 7, 2018
Norbord announced records earnings for 2017, due to strong wood-based panels market
Nordbord has released financial results for full year 2017, with record earning for its business worldwide. The company also achieved record production at nine of its 15 mills, while the Inverness OSB expansion project was also completed. Peter Wijnbergen, Norbord's president and CEO, described 2017 as an outstanding year, with record adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of US$672m. Also, the demand from the company's core markets is still strong for 2018. “US housing starts continued ...
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