Handful of Huntsville-area companies up on down day in stock market
It was a brutal day in the markets on Tuesday and the same held true for our Huntsville and Alabama Stock Report as all but nine stocks lost ground.
A few north Alabama companies managed minimal gains: Sanmina (.8%), Hexcel (.6%) and Carpenter Technology (.3%).
But the big outlier around the state was Louisiana-Pacific Corp., which gained 2.8%.
Founded in 1972, the Nashville-based company operates more than 20 manufacturing facilities across North and South America, including two in Alabama – one in Hanceville and one in Thomasville.
Both Alabama sites make oriented strand board. It is made when wood strands blended with thermal-set water-resistant adhesives are arranged in cross-directional layers and formed under extreme pressure, creating a stiff, strong and durable panel.
In addition to OSB, the two Alabama mills also manufacture several products in the LP Structural Solutions portfolio, what LP calls value-added OSB. These products start as OSB, but then an additional layer is added so they can be used in other applications. For instance: