LP idles Jasper, Texas OSB mill, cutting 150 jobs amid oversupply

Louisiana-Pacific (LP Building Solutions) announced an indefinite curtailment of OSB production at its Jasper, Texas facility beginning in October 2026, citing soft demand and OSB market oversupply. The Jasper mill has an annual capacity of about 475 million square feet, and the move is part of LP’s broader strategy to align production with weakening market conditions while keeping the option to restart curtailed capacity if demand improves. LP estimates about $4 million to $6 million in severance and other one-time costs for 2026, with treatment for affected employees including severance, continued pay and benefits for 60 days, job search and career transition support, and relocation assistance where applicable. The company stressed that the decision reflects current market conditions and is not a reflection on Jasper employees, underscoring workforce and community impacts. Multiple sources across financial news and LP’s own releases corroborate the timing, cost estimates, and rationale behind the curtailment, highlighting the anticipated financial and operational effects through 2026.