Oct 29, 2010. /Lesprom Network/. Norbord Inc. reported positive EBITDA of $12 million in 3Q 2010 compared to $71 million in 2Q 2010 and $10 million in 3Q 2009. North American operations generated positive EBITDA of $4 million in 3Q 2010, compared to $63 million in 2Q 2010 and $9 million in 3Q 2009. Norbord's European operations generated positive EBITDA of $10 million in 3Q 2010, compared to $10 million in 2Q 2010 and $5 million in 3Q 2009, company said in a statement received by Lesprom Network. Norbord recorded a loss of $7 million in the 3Q. Norbord recorded earnings of $37 million in the prior quarter and a loss of $7 million in the same quarter last year. "I'm pleased that we were able to adjust quickly to the OSB price correction in 3Q as demand stalled when the home buyer tax incentives expired and new home market activity slowed," said Barrie Shineton, President and CEO. "By limiting our exposure to the new home construction segment, we increased both production and shipment volumes overall versus the same period last year. In the UK, we continued to benefit from the jump in construction activity that carried over from last quarter and supported strong panel pricing, particularly OSB." "Our 2010 results will be much improved over the prior year. Our balance sheet is in good shape and we have strong liquidity. We expect markets to have no real momentum until later in 2011 when improvements in both new home construction and total OSB demand should be apparent." 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.