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"Any management decision that does not degenerate to work is, in fact, not a decision at all. It is simply a statement of good intentions."

- Peter Drucker Management Suru

Center, Orlando, will feature a Contractor's Day. Speakers include futurist Rick Richardson and golf legend Ken Venturi.

Kentucky Lumber & Building Material Dealers Association will hold its summer golf outing July l5 at the Spring Lake Country Club, Lexington, headed by golf committee chairman Jack Congleton, Congleton Lumber Co., Lexington.

Mid-America Lumbermens Association and the Oklahoma Young Lumbermen are co-sponsoring the 4th annual Sooner Slam golf toumament June 20 at Coffee Creek Golf Course, Edmond, Ok., followed by horse races at Oklahoma City's $90 million Remington Park Race Track.

Wood Panel Forecast

Dramatic growth in production capacity coupled with rising manufacturing costs may lower profits for the composite wood panel industry over the next several years, according to a USDA Forest Service-Forest Products Laboratory report.

Panel industry capacity is expected to increase 20Vo ftom 1994 to 1997, including major capacity additions for OSB and MDF and more modest gains for particleboard. Southern pine plywood capacity will remain flat, while western plywood capacity shrinks. Panel consumption will grow by about 8-9Vo over the same period.

At the same time, raw material costs should rise. Previously undervalued species, such as aspen, are commanding higher values in the marketplace. Other fiber sources (agricultural waste, wastewood and roundwood) will become more attractive to particleboard and MDF plants as traditional material sources of lumber and plywood plant residues fail to match the growth in capacity.