Norbord To Invest $135 Million In Scotland OSB Mill
Canadian firm Norbord has announced plans to invest £95m at its wood panels plant in the Highlands. It aims to double production at its base in Dalcross, near Inverness, to meet rising demand. Highlands and Islands Enterprise has also offered an £11m grant towards the proposed expansion. The factory produces oriented strand boards (OSB) which are used in the construction industry.
Alex Paterson, chief executive of Highlands and Islands Enterprise said: “We have been working very closely with Norbord on their development plans and are delighted to be supporting the company to invest so substantially in its Highland base.
“This development will put Norbord’s Inverness plant on a sustainable footing for decades to come, and is a huge vote of confidence in the company’s Scottish workforce.
“It’s worth noting that the positive impact of today’s announcement will be felt well beyond Inverness and the Inner Moray Firth. “Norbord is not only a significant local employer in its own right, it also plays an important strategic role in the region’s forestry sector and is a major user of haulage companies and port infrastructure.”
From STV News: news.stv.tv
Latest News
Siempelkamp Sells KüstersPress, ContiPress Technology To Sunds Fibertec
On December 12th Siempelkamp and Sunds Fibertech signed an agreement for the sale of the KüstersPress and ContiPress service business. With this transaction Sunds Fibertech will become the OEM supplier for this technology area; the transfer date will be January 3rd, 2024…
Weyerhaeuser Enhances Coastal Holdings
Weyerhaeuser Co. entered into two agreements with Forest Investment Associates to divest 69,600 acres in upstate South Carolina for $170 million, and to purchase 60,700 acres of high-quality timberlands in coastal North Carolina, South Carolina and Mississippi for $163 million…
Boise Cascade Curtails Chapman Sawmill
Boise Cascade announced an indefinite curtailment of its lumber production in Chapman, Ala. The curtailment will affect 80 positions. The plywood operations at the Chapman location are not part of the curtailment. Worker Adjustment and Retraining Notification (WARN) Act notification was provided to impacted employees and specifies that operations will cease on January 28, 2024…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!