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Structural Panel Output Dips

U.S. structural panel production will dip to 26.9 billion square feet, 3/8-inch basis, in 1989, down from the record 27.2 billion feet of 1988, however, a gradual recovery to nearly 32 billion square feet of demand by 1994 is projected by the American Plywood Association.

Pointing out that the record panel industry production levels experienced for several years through 1988 were attained in the face of lower housing starts, APA president William T. Robison said, "The key to further industry growth in the 19901994 period will be accelerated development of the domestic nonhousing and international markets that now claim the bulk of total demand."

Robison told those attending the 53rd annual meeting in Portland, Or.. Oct. 3. there were half a million fewer housing starts in 1988 than in 1978. "Yet housing last year consumed a billion square feet more of our products than l0 years ago. And housing demand last year was only 380/o of structural panel production,