Abstract: A composite wood panel is manufactured from thin wood laminae cut from wood unsuitable for peeler logs or dimensional lumber. A cold set adhesive is applied to the wood laminae and they are formed into a randomly oriented mat that is cold rolled into a thin, pliable cold rolled stock that can be corrugated. A hot set adhesive may also be applied to the laminae to improve strength of the composite wood panel. The hot set adhesive is set in a hot press after the cold rolled stock is produced.