NORBORD ANNOUNCES HUGE REINVESTMENT IN INVERNESS OSB MILL

Investment to nearly double production capacity and secure the future of a key local employer TORONTO, ON and INVERNESS, SCOTLAND, Norbord have announced a £95 million modernisation and expansion of its oriented strand board (OSB) mill in Inverness. The investment will upgrade the mill to continuous press technology, positioning it to meet growing demand for OSB in markets across the UK and Europe, as well as securing the long-term future of its employees. “Demand for OSB is increasing rapidly and this investment will ensure we can continue to meet customers’ needs and remain at the forefront of the European industry,” said Karl Morris, Managing Director, Norbord Europe and a Senior Vice President of the company. “Our SterlingOSB product is the UK’s leading OSB brand, and the reinvested mill will be in an even better position to efficiently serve our customers. This investment underscores Norbord’s long-term commitment to Inverness and the Highlands region, and we will continue to play an important role in the community.”