Norbord Inc.(TSX:OSB) dropped from S&P/TSX Composite Index

Norbord Inc. is a Canada-based company engaged in manufacturing, sales, marketing and distribution of panelboards and related products used primarily in the construction of new homes or the renovation and repair of existing structures. The Company's products are primarily sold to retail chains, contractor supply yards and industrial users. Its Norbord oriented strand board (OSB) products are sold in North America under various brands, such as Durastrand pointSIX, Pinnacle and Stabledge, TruFlor pointSIX and TruFlor (commodity flooring), Rimboard, SteadiTred (industrial), QuakeZone, Tallwall, Trubord and Windstorm (wall sheathing) and SolarBord (radiant barrier sheathing), Trubord (roof sheathing), TruDeck (flat roof sheathing for industrial/commercial buildings) and StableDeck (utility trailer floors). In Europe, Norbord products are sold under the brand names, SterlingOSB (OSB), Caberwood MDF (MDF), Conti and Caberboard (particleboard).