Norbord announces reduced production schedule at Georgia OSB mill
Norbord announced that effective September 5, Line 1 of its two-line oriented strand board, or OSB, mill in Cordele, Georgia will operate on a reduced 10/4 schedule until further notice due to continued poor market conditions. U.S. homebuilding activity has been pulling back since the fall of last year, resulting in lower-than-anticipated OSB demand to-date. The reduced production schedule at Cordele Line 1 will ensure Norbord continues to only produce what the company can sell as the market approaches the seasonally slower winter months. Norbord will continue to serve its customers without disruption. The Cordele, Georgia mill has two production lines and a total stated annual production capacity of 1.04M square feet. The reduced production schedule on Line 1 will impact approximately 12% of the mill's available capacity.