"We are very pleased to be included in the S&P/TSX Composite Index, as this marks an important milestone for Norbord," said Barrie Shineton, President and CEO. "We look forward to the increased visibility and broader market participation that comes with being a part of the Index."
The S&P/TSX Composite Index, managed and calculated by S&P Dow Jones Indices, is the headline index and principal broad market measure for the Canadian equity markets.
Norbord Inc. is an international producer of wood-based panels with assets of $1 billion, employing approximately 1,900 people at 13 plant locations in the United States, Europe and Canada. Norbord is one of the world's largest producers of oriented strand board (OSB). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard (MDF) and related value-added products.