The mill will remain fully operation while LP re-evaluates their plan moving forward. (Google streetview photo)

The mill will remain fully operation while LP re-evaluates their plan moving forward. (Google streetview photo)

Louisiana Pacific to continue operations at Golden mill through restructuring

There is no timeline for the new strategic alternative; operations will continue as usualat mill

Louisiana Pacific, a buildings manufacturer that operates the mill in Golden, has announced that they will be evaluating new strategic options for their Engineered Wood Products (EWP) businesses, of which the Golden mill is a part of.

This will be a part of LP’s transformation strategy, which the company launched a few years ago and will see focus shift to its siding and Oriented Strand Board (OSB) businesses, which LP sees the potential for future growth in.

The decision to re-evaluate and make the change comes after it was announced that LP Houlton, the LP mill in Maine, will be converted into a manufacturer of SmartSide, LP’s siding product, in a quarterly earnings call on Tuesday, Feb. 16.

With Houlton converting to SmartSide, we will cease LSL [laminated strand lumber] manufacturing there sometime this year, a change that has contributed to a broader re-evaluation of our product portfolio,” said CEO Brad Southern in Tuesday’s call.

“Due to the loss of LSL from our EWP portfolio coupled with our inability to consistently earn the cost of capital in EWP, we have decided to evaluate strategic options for our remaining Engineered Wood Products business.”

Throughout this process, LP has stated that they remain committed to their EWP operations, employees and customers. Breeanna Straessle, senior manager of corporate communications for LP, confirmed that the recent decision will not affect employment at the Golden mill.

”We need our current workforce to continue operating the mill, which is our intent until a strategic alternative has been identified,” said Straessle.

“Through this process, we will remain absolutely committed to operating our EWP business in a way that best benefits LP and all of our stakeholders.”

There is no timeline as to when a new strategic approach will be identified, or what that would look like.

“Currently, we simply do not know more or where these strategic alternatives could ultimately lead us,” said Straessle.

A potential sale of the mill is not off the table, according to Straessle, but said that there is no plans in the works currently to offload the Golden mill.

Until a new strategic approach is identified, LP will not be providing further information.

READ MORE: Moberly based Northern Silica to close doors

Local Business

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Sylvain Fabi, Canada’s chief negotiator for the Columbia River Treaty, joined a number of government and Indigenous government stakeholders for a virtual town hall on Feb. 24, 2021, to update the state of the Columbia River Treaty negotiations. Trevor Crawley photo/Zoom screenshot
Indigenous input key to Columbia River Treaty negotiations

Ecosystem function included in negotiations along with flood management and power generation priorities

Phase 4 of the Kicking Horse Canyon Project is on track, with closures expected to start as early as next week. (Government of BC photo)
Details announced ahead of Trans-Canada highway closures east of Golden

Closures will start in early March, with a month-long closure from April 12 to May 14

Map showing the geographic distribution of COVID cases in B.C. made available by the BC CDC each week. (BC CDC photo)
No new reported COVID cases in Golden area; BC CDC

Only one case has been reported in February thus far

EZ Rock will now be run remotely from Salmon Arm, before being taken over by Revelstoke in the long term. (Claire Palmer photo)
Golden loses fan favourite EZ Rock radio host in Bell layoffs

Chris Cameron first came to Golden in 2012

A nurse performs a test on a patient at a drive-in COVID-19 clinic in Montreal, on Wednesday, October 21, 2020. (THE CANADIAN PRESS/Paul Chiasson)
30 new COVID-19 cases, five more deaths in Interior Health

This brings the total number of cases to 7,271 since testing began

Provincial health officer Dr. Bonnie Henry updates B.C.’s COVID-19 situation at the B.C. legislature. (B.C. government)
B.C. reports 10 additional deaths, 395 new COVID-19 cases

The majority of new coronavirus infections were in the Fraser Health region

The booklet roots present day activism in the history of racist policies, arguing the history must be acknowledged in order to change. (CCPA)
New resource dives into 150 years of racist policy in B.C.

Racist history must be acknowledged in order to change, authors say

Agatha Mary Clarissa Miller, before she knew she would change literature. Photo Wikipedia
And Then There Were None

What book knocked your booties off when you were young?

A webinar on dealing with dementia will be held Wednesday, March 10, 2021 (Submitted)
Webinar on dementia scheduled for March 10

Okanagan residents invited to event on legal issues surrounding dementia

The BC SPCA is offering many chances for school-aged kids to learn about animal welfare and other animal topics. Pictured here is Keith, a three-month-old kitten seen on Nov. 4, 2020 at the Chilliwack SPCA. (Jenna Hauck/ Chilliwack Progress file)
From pets to wildlife, BC SPCA offers animal education programs geared to youth

BC SPCA offering virtual spring break camps, workshops and school presentations

Nanaimo-raised singer Allison Crowe with director Zack Snyder on the set of ‘Man of Steel’ in 2011. Crowe performs a cover of Leonard Cohen’s Hallelujah in the upcoming director’s cut of ‘Justice League.’ (Photo courtesy Clay Enos)
B.C. musician records song for upcoming ‘Justice League’ film

Allison Crowe’s close connection to director led to rendition of Leonard Cohen’s Hallelujah

Migrant farm workers transplant jalapeno sprouts from trucks into the tilted soil at a farm. (Marcus Yam/Los Angeles Times)
‘They’re afraid’: Coalition sounds alarm over COVID vaccines for B.C.’s migrant workers

Though health ministry says anyone can get vaccinated, critics say barriers are keeping migrants from their dose

Crash causes delays on Coquihalla southbound, travel advisory issued

A vehicle incident between Merrit and Hope has caused major delays heading south

The missing camper heard a GSAR helicopter, and ran from his tree well waving his arms. File photo
Man trapped on Manning mountain did nearly everything right to survive

The winter experienced camper was overwhelmed by snow conditions

Most Read