24 | Focus on OSB: Rest of the World
TABLE 2: New mills/additional capacity 2024 and beyond Country
Company
Europe France UK
Poland Spain Russia
Swiss Krono Kronospan Swiss Krono Kronospan Sibboard
Location
Lot-et-Garonne Chirk Zary
Tortosa Tomsk, Seversk
Angara Les LLC, Karat Group Kodinsk, Krasnoyarsk Mega Smart TBA
OOO DOK Kalevala Kronospan Bazis LLC
Rest of the World Kazakhstan Chile
Vietnam Ultradecor
Paneles Arauco TBA
New Zealand Laminex Total committed to 2024 & beyond
Sibay, Bashkortostan Verkhovazhsky, Vologda Petrozavodsk, Karelia Ufa, Bashkortostan
Lesosibirsk, Krasnoyarsk
North Kazakhstan Cholguán TBA
Taupo
TBA TBA TBA TBA
Siemp CR 9ft x 50.4m 2.60 x 55m TBA
Yalian 8.5ft x 52.3m
Press
TBA TBA
existing Siemp press
Capacity m3
400,000 600,000
/yr
Start-up date
TBA TBA
approx 100,000 (extension) 2024 360,000 TBA
100,000 231,000 60,000
200,000 phase 2 Extension TBA 300,000
approx 660,000 300,000
IMAL PAL 30m cont press 250,000
approx 400,000 3,961,000m
2025 TBA
2023 2027 2025 TBA TBA
TBA 2026 2025 2026
press, TBA = to be advised – awaiting further information, ca = approximate information, na = information not available, addl = additional, e = WBPI estimated capacity
was forecast at 5.625 million m3
.
Looking at the financial results for some of the major European OSB producers is a useful exercise. West Fraser’s full 2024 results show its European Engineered Wood Products (EWP) segment recorded adjusted EBITDA of US$8m (2023: US$46m) The company expects – in Europe and the UK – a relatively modest market recovery
over the near term. Looking further out, it continues to expect demand to grow over the longer term as use of OSB as an alternative to plywood grows. An aging housing stock is also expected to support long-term repair and renovation spending and additional demand for our wood building products.
It highlighted the stabilisation of inflation
and beginning of a decline in interest rates as positive for housing demand. Ongoing geopolitical developments and the lagged impact of prior inflationary pressures could adversely impact near-term demand, it added. European and UK OSB shipments are
expected to be 1.0 to 1.25 billion square feet in 2025 – a slight increase. Fellow OSB producer Egger saw its sales for the first half of the financial year 2024/2025 down 0.2% to €2.1bn, with EBITDA at €320.3m, a 7% improvement compared to the previous year. It described a stable development in business despite a challenging environment. The product area for wood construction and flooring, which generated unconsolidated sales of €351m, was down 9.4% compared to the previous year, impacted by the downturn in the construction industry, particularly new residential construction. Egger is remaining cautious for the second half of its 2024/2025 financial year due to challenges posed by the global crises, weak markets, continued subdued demand in the construction sector and the resulting price pressure.
German federal statistics show a 4.1%
OSB production growth to 1.213 million m³ in 2024, approximately 50,000m3
more than Above: Kronospan OSB panels at Rivne WBPI | April/May 2025 |
www.wbpionline.com
2022 and 2023. The value of that production dipped slightly in 2024. One European OSB producer told WBPI that demand for OSB had picked up during April and it felt the improvement was likely
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