Jan 31, 2011. /Lesprom Network/. Norbord Inc. has reported a net loss of $2 million in its 4Q, with earnings of $17 million for its entire operating year. “Our 2010 results exceeded our expectations,” said Barrie Shineton, President and CEO. “In North America, our customer and product strategy enabled us to run more capacity and to benefit from a stronger pricing environment throughout the year. In Europe, our EBITDA more than doubled on the back of particularly robust OSB markets. While I’m pleased that Norbord generated positive annual earnings for our shareholders this year, we recognize that we still have a long way to go before our financial performance is back to acceptable levels.” “We expect the overall business environment in 2011 to generally mirror Norbord’s experience in the past year. We are seeing the beginnings of a slow recovery for the US housing market, which should start taking hold in the second half of the year. Norbord will be well-positioned to generate stronger results once that occurs.” Norbord’s operating North American OSB mills ran at approximately 90% of their capacity in 2010 compared to 80% in 2009. Including the indefinitely closed mills, North American operations ran at 70% of capacity in 2010, compared to 60% in 2009. In Europe, mills operated at approximately 95% of capacity in 2010, up 15% from the previous year. Norbord Inc. is an international producer of wood-based panels.