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Companies in the timber industry / Daily News / Wood-based panels / Europe / Global / North America
February 6, 2017

Norbord triples EBITDA in 2016 on recovery of US housing starts and higher OSB prices

Norbord triples EBITDA in 2016 on recovery of US housing starts and higher OSB prices

Wood-based panel giant Norbord  has reported 2016 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $383m – a more than triple increase over 2015. Norbord reported annual production records at seven mills during 2016 and said the modernisation and expansion of its Inverness mill in Scotland was on track for start-up in the second half of 2017.

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