Louisiana-Louisiana-Pacific, commonly referred to as’LP’, is an American manufacturer of building materials. Louisiana-Pacific was established in 1973 and is headquartered in Nashville, Tennessee, USA. The company produced the first oriented strand board in the United States.
Today, Louisiana-Pacific is the largest OSB producer in the world, mainly producing timber engineering construction products. The company’s products are sold to builders and homeowners through building material distributors, dealers and retail home centers. As of 2011, the company has 24 factories, of which 15 are in the United States, 6 are in Canada, two are in Chile, and one is in Brazil.
As a leading manufacturer and marketer of construction and timber products, Louisiana-Pacific reformed the industry by inventing alternatives to plywood and solid wood construction products. The company is not relying on larger, more expensive old wood, but looking for small diameter, fast-growing trees to produce structural building products.
Louisiana-Pacific is listed on the New York Stock Exchange under the ticker symbol LPX, which is an S&P 400 component, the CEO is Stevens, and it has 3,900 employees.
In 2011, Louisiana-Pacific’s revenue was US$1.357 billion, operating income was US$17 million, profit was US$181 million, total assets were US$656.8 million, and total equity was US$1.011.6 billion.
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