What changed in this filing

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Item 2. Properties

2024-02-14 compared with 2023-02-21 · 23 added, 26 removed, 5 unchanged (91% of the section changed)

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.

We lease office space from third parties for our corporate headquarters in Nashville, Tennessee and our LPSA segment headquarters in Santiago, Chile.

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

Information regarding 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.

2 unchanged sentences

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

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

Hanceville, AL 420 Hayward, WI 1

Jasper, TX 475 Tomahawk, WI 245

Maniwaki, Quebec, Canada 650 Two Harbors, MN 235

Roxboro, NC 525 Swan Valley, Manitoba, Canada 1

Clarke County, AL 725 Houlton, ME 1,4

7 facilities 4,095 Sagola, MI 1,3

8 facilities 2,320

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

Clarke County, AL 725 Hayward, WI 1

Hanceville, AL 420 Houlton, ME 1

Jasper, TX 475 Newberry, MI 165

Maniwaki, Quebec, Canada 650 Sagola, MI 1

Peace Valley, British Columbia, Canada 800 Swan Valley, Manitoba, Canada 1

Roxboro, NC 525 Tomahawk, WI 245

7 facilities 4,095 Two Harbors, MN 235

8 facilities 2,320

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.

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.

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

OSB/Siding production facilities - 3/8” basis, million square feet Bath, NY 55

Lautaro, Chile 160 Green Bay, WI 105

Panguipulli, Chile 300 Granite City, IL 4

Ponta Grossa, Brazil 330 Roaring River, NC 75

3 facilities 790 4 facilities 260

1 The Dawson Creek, British Columbia, Canada;

and Swan Valley, Manitoba, Canada plants are used in the operations of our Siding segment but can also 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 LP Structural Solutions portfolio and a logging operation in Maniwaki, Ontario, Canada, which supports our OSB operations at that location.

3 In May 2023, we acquired an idle manufacturing facility in Wawa, Ontario, Canada.

We anticipate converting the Wawa manufacturing facility into an LP SmartSide Trim & Siding mill in the future.

We are evaluating project schedules and market demand to determine when we would begin related construction work.

4 The Granite City, IL facility is scheduled for closure in 2024.

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