Abstract: The present invention relates to an adhesive composition for manufacturing plywood for exterior application including:a) 121 parts by weight phenolic resin;b) 5 to 121 parts by weight isocyanate;c) 1 to 40 parts by weight tannin selected from the group consisting of pine, quebracho, mimosa, and combinations thereof;d) 1 to 15 parts by weight paraformaldehyde or formaldehyde solutions in water;e) 5 to 50 parts by weight of water; andf) an amount of filler comprising inorganic and/or organic materials for providing the composition with the desired viscosity.