Woodworking Industry News
TORONTO - Norbord Inc. reported a 2009 loss of $58 million compared to a loss of $115 million in 2008. For the full year, though, Norbord saide it generated breakeven EBITDA compared to negative EBITDA of $60 million in the prior year. Approximately $43 million of the year-over-year improvement was generated by the North American operations. Overhead cost reductions and lower input prices, especially resin and wax, had a significant positive impact on EBITDA results.
August 15, 2011 | 11:09 am CDT