Norbord is starting consultations with unions about the possible closure of its Genk particleboard line.
“The Genk facility was acquired to expand our OSB presence in Europe,” said Barrie Shineton, Norbord president and CEO.
“The particleboard line comprises older technology and has always been considered non-core. We continued to operate the particleboard line because of its positive financial contribution during recent strong market conditions.
“The return to more normal product prices makes this an appropriate time to consider ways to further streamline the site.”
The particleboard line has an annual capacity of 170 million ft², while the OSB facility, which is not impacted by the decision, has an output of 260 million ft².
News of the possible closure follows a three-week shutdown of the Genk sawmill at the start of the year in order to rebalance inventory levels.
