Tree Frog Forestry News

Louisiana Pacific to shut down Peace Valley OSB

The Alaska Highway News
June 13, 2019
Category: Business & Politics
Region: Canada, United States

Louisiana Pacific will indefinitely shut down operations at the Peace Valley OSB mill in Fort St. John. The shut down is indefinite, putting 190 workers out of work. Company officials were in town Thursday to deliver the news to employees. “Despite efforts by our Peace Valley team to reduce costs over the past several months, this decision is necessary to support the optimization of our OSB business in challenging market conditions,” said Jason Ringblom, LP Executive Vice President for OSB, in a statement. “Declining housing starts, high wood costs and associated cost pressures require us to take this action that aligns with our performance driven strategy.” …”The action that LP is taking now is driven by poor market conditions and not a reflection on our team,” Morrison said.

 

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