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Residential Interior Door Facings

Residential Interior Door Facings Question #2: Market Entry - Facings Plant Facings Production Facilities are Multiyear Construction Projects A timeline of ~4 years to ramp to meaningful production* 0 1 2 3 4 Production Hurdles Wood species perform differently Access to wood basket Requires significant testing High initial cost of quality • • Multiple environmental concerns . Bio-scrubbers MACT compliance Production flexibility • # of press openings Change over times Cycle time Site Selection, Planning & Permitting ~12 months (years) Construction ~24 months Startup, Qualification ~12 months astey Fran (*) Management's estimates - Laurel consumes the equivalent of ~10,000 trucks / year of fiber or ~27 acres of timber daily. 16
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