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Press release from Business Wire

LP to curtail OSB press production at Dawson Creek, B.C., facility; LP TechShield® production to continue at Dawson

<p> <b>LP plans continued sales and support of full range of value-added OSB products for customers in the West</b> </p> <p> </p>

Wednesday, August 24, 2011

LP to curtail OSB press production at Dawson Creek, B.C., facility; LP TechShield® production to continue at Dawson17:00 EDT Wednesday, August 24, 2011 NASHVILLE, Tenn. (Business Wire) -- Louisiana-Pacific Corporation (LP) announced today that its Dawson Creek, B.C., mill will curtail press production of oriented strand board (OSB) beginning Aug. 25. The mill will continue to manufacture LP TechShield® Radiant Barrier Sheathing to support its customers' needs in West Coast markets. LP will continue to use its strong manufacturing footprint to maintain its position as the premier supplier of the full range of value-added OSB products. These products include LP TechShield Radiant Barrier Sheathing, the family of LP TopNotch® OSB Sub-Flooring, and LP FlameBlock® Fire-Rated OSB Sheathing, all of which are highly demanded by builders in all markets. The Dawson Creek OSB mill was constructed in 1987 and currently employs 114 people. After winterization and preparations for press shutdown are completed, about 26 employees will be retained to operate the TechShield Radiant Barrier line, and maintain the plant and equipment. Executive Vice President of OSB Jeff Wagner said, “Today and in the future, our Dawson mill has a role to play in our company. We will continue to run the TechShield Radiant Barrier line there, and we firmly believe that we will resume OSB press production at the mill as housing starts to improve. We are maintaining our wood license and mill equipment to be ready to resume press production when housing activity permits.” About LP Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction. From manufacturing facilities in the U.S., Canada, Chile and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers. Founded in 1973, LP is headquartered in Nashville, Tennessee. Louisiana-Pacific CorporationMary Cohn, 615-986-5886 (Media Relations)