MAINEBIZ • June 8, 2021
Engineered-wood manufacturer Louisiana-Pacific Corp. (NYSE: LPX) said it will break ground Tuesday on a $150 million conversion of its mill in New Limerick to turn out the company’s flagship siding and trim product. The Tenn.-based company received its building permit for the project Monday and has all other necessary permits in hand. The conversion will allow the facility to increase production of LP’s flagship product, an engineered wood trim and siding called LP SmartSide, which uses a type of engineering wood called “oriented strand board.” The investment and conversion is expected to increase the company’s consumption of locally sourced fiber by an estimated 30%.