What changed in this filing

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Item 2. Properties

2023-02-21 compared with 2022-02-22 · 22 added, 27 removed, 9 unchanged (84% of the section changed)

Information regarding our principal facilities and their production capacities is set forth in the following table.

Information regarding our principal facilities, all of which we own, and their production capacities is set forth in the following table.

Information regarding current operating production capacities is based on annual typical operating rates and normal production mixes under current market conditions, considering known constraints such as log supply.

Market conditions, fluctuations in log supply, environmental restrictions, and the nature of current orders may cause actual production rates and mixes to vary significantly from the production rates and mixes shown.

OSB - 3/8” basis, million square feet

Siding - 3/8” basis, million square feet

OSB production facilities - 3/8” basis, million square feet

Siding production facilities - 3/8” basis, million square feet

Carthage, TX 500 Dawson Creek, British Columbia, Canada 1

Peace Valley, British Columbia, Canada 1

800 Newberry, MI 165

Peace Valley, British Columbia, Canada 800 Newberry, MI 165

Hanceville, AL 420 Hayward, WI 1

2 unchanged sentences

Roxboro, NC 525 Swan Valley, Manitoba, Canada 1

420 Houlton, ME 2,6

Clarke County, AL 725

8 facilities 4,515 7 facilities 1,960

EWP South America

million lineal feet 3

OSB / Siding - 3/8” basis, million square feet

Red Bluff, CA 80 Panguipulli, Chile 300

Lautaro, Chile 160

LVL , thousand cubic feet Ponta Grossa, Brazil 330

Golden, BC, Canada 4,000 3 facilities 790

Wilmington, NC 4,600

Clarke County, AL 725 Houlton, ME 1,4

7 facilities 4,095 Sagola, MI 1,3

8 facilities 2,320

1 The Peace Valley facility restarted operations in the third quarter of 2021 after being curtailed in the third quarter of 2019.

2 The Hayward, WI, Dawson Creek, British Columbia, Canada, Swan Valley, Manitoba, Canada, and Houlton, ME siding facilities can produce commodity OSB when market conditions warrant.

3 In addition to the plants described, our 50/50 joint venture with Resolute Forest Products, Inc.

owns and operates a plant in St.

Prime, Quebec, Canada, and a plant in La Rouche, Quebec, Canada.

The combined annual production capacity of these facilities is 140 million lineal feet.

On February 14, 2022, we entered an agreement to sell our 50% equity interest in the operations at these plants.

4 In addition to the Siding plants listed, we own and operate three finishing facilities in Roaring River, NC, Granite City, IL, and Green Bay, WI, which support our Siding production.

South America Siding finishing facilities 5 - 3/8” basis, million square feet

OSB/Siding production facilities - 3/8” basis, million square feet Green Bay, WI 90

Panguipulli, Chile 300 Roaring River, NC 60

Lautaro, Chile 160 Granite City, IL 20

Ponta Grossa, Brazil 330 3 facilities 170

3 facilities 790

1 The Hayward, WI;

Dawson Creek, British Columbia, Canada;

Swan Valley, Manitoba, Canada;

and Sagola, MI siding facilities can produce commodity OSB when market conditions warrant.

2 In addition to the OSB plants listed, we own a facility in Watkins, MN, which supports our Structural Solutions portfolio.

6 We ceased production of LSL and OSB at our Houlton, ME facility to begin the conversion to siding production.

Siding operations expected to begin production in early 2022.

7 Our Sagola, MI facility will begin conversion sometime after siding production begins at Houlton.

3 We ceased OSB production at our Sagola, MI facility in November 2022 to complete the conversion to Siding production.

Siding operations are expected to begin production in 2023.

4 After Sagola, MI, the next Siding Solutions production capacity addition is expected to be an expansion of the Houlton, ME facility.

5 We are expanding our siding finishing capacity by constructing a facility in Bath, NY, which is expected to be finalized in 2023.

After the Bath, NY construction, we plan to expand finishing capacity through construction of new facility in Spokane, WA.

The addition of these two facilities is expected to add a total of 190 million square feet of siding finishing capacity.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties