TORONTO, ON (June 24, 2019) – Norbord Inc. (TSX and NYSE: OSB) today reported that its OSB mill in High Level, Alberta was cleared to restart, and safely resumed normal operations over the weekend.
The MacKenzie County mandatory evacuation order and town of High Level evacuation alert were both lifted this afternoon and MacKenzie County remains under an evacuation alert.
On June 18th, Norbord reported that its High Level OSB mill had temporarily suspended production due to the wild fires burning nearby in the region. All non-essential mill employees were safely evacuated at the time and the mill did not incur any damage.
The curtailment is not expected to materially impact Norbord’s second quarter results.
The High Level, Alberta mill has a stated annual production capacity of 860 million square feet (3/8-inch basis) and has been ramping up toward full production since resuming operations in late 2013. High Level is located approximately 720 kilometres northwest of Edmonton and 400 kilometres west of Fort McMurray.
Norbord Inc. is a leading global manufacturer of wood-based panels and the world’s largest producer of oriented strand board (OSB). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard and related value-added products. Norbord has assets of approximately $1.9 billion and employs approximately 2,700 people at 17 plant locations in the United States, Canada and Europe. Norbord is a publicly traded company listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol “OSB”.