NASHVILLE, Tenn. (Dow Jones/AP) – Louisiana-Pacific Corp. plans to finally close an oriented strand board mill in Woodland that has been idle since November, because upgrades, maintenance and compliance expense would make the facility too costly to run.

In a press release Thursday, the building products company said the mill, which should close April 15, operated intermittently since the company bought the plant from Georgia-Pacific Corp. in 2002.

A company spokeswoman said 112 employees worked at the mill before it was idled and that a related second-quarter charge shouldn’t be material to results. Louisiana-Pacific has about 6,300 employees in the U.S. and Canada.

“Unfortunately, it is not economically feasible to continue operation of the mill. It would require considerable investment to address the age and design of the production equipment,” said Jeff Wagner, a vice president and general manager of OSB in the release.

The mill produced oriented strand board, which is made from chips of aspen trees that are pressed and bonded with phenol formaldehyde resins and can be used as a substitute for plywood.

Louisiana-Pacific has about 13 OSB mills in North America and one in Chile.

The company has turned the mill over to its real estate department and plans to redeploy the equipment and sell the real estate, according to Wagner.