Composite panel consumption is projected to grow in North America through 2016, buoyed in part by the strengthening of the U.S. housing market and positive indicators of improvement in the furniture and related industries. Figures from Resource Information Systems, Inc. (RISI) project particleboard consumption to rise 10 percent in 2015, to 3.29 billion square feet, and grow 11 percent in 2016, to 3.64 billion square feet. Similarly, MDF is projected to hit 2.97 billion square feet in 2015, a rise of 9 percent, and jump to 3.28 billion square feet in 2016, up 10 percent.
Panel producers are gearing up, with already two companies announcing multi-million plant investments this year.
Uniboard announced Feb. 5 that it will invest more than $53 million at its Val-d’Or particleboard and thermally fused laminate (TFL) facility as part of its plan to increase productivity and upgrade key production areas. The company produces particleboard, MDF and TFL from mills in Val-d’Or, Sayabec, Mont-Laurier and Laval, Canada.
Uniboard President and CEO James N. Hogg said the project will enable the company to enhance its engineered wood and value-added product offerings. “Over recent years, Uniboard has invested heavily into product development, launching new color collections including North America’s first registered embossed thermofused laminate panels as well as expanding our successful NU Green range of low and no-formaldehyde products,” he added.
This followed the Jan. 26 news from Arauco that it will invest $30 million to grow the particleboard and TFL capacity at its mill in Bennettsville, SC. The new technology is expected to be in place by the fourth quarter. Arauco said increased dryer capacity will help it to improve its particleboard production by 60 million ft2, on a 3/4-inch basis annually. Arauco also will add a high-tech fast-cycle press for TFL production.
From Woodworking Network: https://www.woodworkingnetwork.com/wood/panel-supply/Composite-Panel-Market-Grows-Consumption-to-Hit-10-in-2015-294396371.html#sthash.7iZYxiAW.dpbs