In this press release, Nashville-based Louisiana Pacific announces expanded operations in Chile:
Louisiana-Pacific Corporation announced that it will be expanding operations in Chile to serve growing markets for oriented strand board (OSB) based building products outside of North America.
Under the expansion plan, LP will move and upgrade the equipment in a previously closed OSB mill in Montrose, Colorado to Chile. The new mill will have an annual OSB production capacity of approximately 160 million square feet, and serve customers in Chile, as well as other countries in South America and growing international markets outside of North America.
LP Chile currently operates an OSB panel and specialty products facility in Panguipulli, Chile with a sales and support office in Santiago. The Panguipulli mill began operations in 2000, and has an annual production capacity of 135 million square feet.
"We have been very pleased with the success of our Chilean operations," said Harold Stanton, Executive Vice President, Specialty Products and Sales. "LP Chile has been a catalyst for migrating building practices from masonry to wood-frame construction. Frame construction using LP OSB structural panels provides homes at 70 percent of the cost of traditional masonry."
Stanton concluded, "Our established production and marketing presence in Chile provides a solid platform for the expansion of LP's international business strategy."