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Louisiana-Pacific Corporation (LP) is an American building materials manufacturer. The company was founded in 1973 and LP pioneered the U.S. production of oriented strand board (OSB) panels. [ 1 ] Currently based in Nashville, Tennessee , LP is the world's largest producer of OSB and manufactures engineered wood building products. [ 2 ]
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Eventually, the company was spun off along with other holdings to form the Louisiana-Pacific Corp., the plant's new owner. KPC was a sulfite process dissolving pulp mill, designed to manufacture a product called "Tongacell," made from cellulose fiber from Spruce and Tsuga trees, which is used in the manufacture of various rayon products.
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The Samoa mill complex was transferred to Louisiana-Pacific Corporation during a Federal Trade Commission action initiated in 1972 [20] The last old-growth timber was milled in 1980, [18] and the area was set for sale in 2001. The pulp mill was closed by its final owners in 2010.
Despite cost headwinds from rising oriented strand board prices, Louisiana-Pacific Corp (NYSE: LPX ) remains a “compelling value," according to D.A. Davidson.& The Analyst D.A. Davidson’s ...