Louisiana Pacific announces Peace Valley OSB mill restart

In a 2020 earnings call with investors, the company said the restart will help meet “intense customer demand” in the U.S. housing market. The company plans to spend $10 to $12 million on the mill this year, with the earliest expectation for a first press load in the third quarter, said LP Chairman and CEO Brad Southern.

The mill was curtailed in June 2019 due to a drop in U.S. housing starts and low commodity OSB prices. Nearly 200 mill workers and hundreds more contractors were put out of work.

Peace Valley has a production capacity of around 750 million square feet, and a ramp up to full production is expected by the second or third quarter of 2022.