Wednesday April 6, 2011
 
Global demand for plywood and OSB increasing

Despite some risks in the short term, an increasingly positive global economic outlook will drive the demand for plywood and oriented strand board (OSB) over the five years from 2011 to 2015, according to leading industry analyst and economic forecaster, BIS Shrapnel.
 
BIS Shrapnel’s Plywood and Oriented Strand Board in the Pacific Rim and Europe, 2011 – 2015 report forecasts strong growth in the production and consumption of plywood and OSB as the global economic upturn strengthens. The economic upturn will be driven by housing construction, furniture manufacturing and other sectors where plywood and OSB are used. BIS Shrapnel says housing construction in the United States is now in the early stages of an upturn and is expected to strengthen considerably from 2011 to 2015.

Contact: Bernie Neufeld