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LOUISIANA-PACIFIC AND ITS KIRBY FOREST INDUSTRIES SUBSIDIARY ANNOUNCE MAJOR ENVIRONMENTAL SETTLEMENT

 PORTLAND, Ore., May 24 /PRNewswire/ -- Louisiana-Pacific Corp. (L-P) (NYSE: LPX) announced today that it has reached a precedent-setting environmental settlement with the federal government. The settlement calls for L-P and Kirby Forest Industries, a wholly owned L-P subsidiary, to pioneer pollution control technology for the entire wood panel products industry. The agreement resolves claims by the U.S. Environmental Protection Agency (EPA) against 15 Louisiana-Pacific and Kirby Forest Industries manufacturing facilities.
 "I am pleased with the settlement and especially with the role we will continue to play in developing innovative environmental controls," said Harry A. Merlo, L-P's chairman and president. "We view this step with the same significance as our widely praised decision last year to totally eliminate the use of chlorine at our pulp mill in Samoa, Calif."
 As part of the agreement, Louisiana-Pacific and Kirby Forest Industries will employ regenerative thermal oxidation systems designed to sharply reduce air emissions. The first installation of this new generation of environmental control equipment is underway now at L-P's medium-density fiberboard plant in Urania, La. The new systems will remove nearly all particulate matter and organic compounds and most of the carbon monoxide emitted from the L-P and Kirby Forest Industries plants. This represents a significant advance over current pollution control technology that does little to remove organics and carbon monoxide.
 The agreement also calls for L-P to pay a $11.1-million civil penalty to the federal government. The total amount of the penalty has already been expensed and will not affect second-quarter earnings.
 "Although we are certainly disappointed with the penalty, we decided that the benefits of this settlement in avoiding litigation and providing us with environmental leadership opportunities made it the right thing to do," Merlo said.
 Louisiana-Pacific is a major building products company known for its innovation in developing high-performance, affordable, environmentally sound construction materials. The company pioneered the development of oriented strand board, a line of products made from fast growing, noncontroversial timber sources.
 -0- 5/24/93
 /CONTACT: Barry Lacter of Louisiana-Pacific, 503-221-0800, or fax, 503-796-0204/
 (LPX)


CO: Louisiana-Pacific Corp.; Kirby Forest Industries; U.S.
 Environmental Protection Agency ST: Oregon IN: PAP SU:


LM -- SE005 -- 1609 05/24/93 10:30 EDT
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Publication:PR Newswire
Date:May 24, 1993
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