LP Announces the Restart of the Peace Valley OSB Mill Later in 2021

Louisiana Pacific (LP) has announced that it intends to restart the Peace Valley OSB mill in Fort St. John, B.C. sometime later this year. LP curtailed the mill in June 2019 due a drop in U.S. housing starts and low commodity OSB prices. LP Chairman and CEO Brad Southern said, in regard to the reopening of the facility, that the restart will supply a strengthening U.S. housing market. The company plans to spend $10 to $12 million on the mill this year, with the earliest expectation for a press load sometime in Q3 2021. The Peace Valley mill has a production capacity of around 750 million square feet, and a ramp up to full production is expected by Q2-Q3 of 2022.