Its not plywood and they can't call it that, as plywood has alternating layers of hardwood and softwood(pine or similar). Laminate is all softwood, the log is peeled into sheets then layered with each sheet across the grain of the one below, with adhesive applied bwtween before being microwaved while being rolled to produce Laminated Veneer Lumber. Almost as good as plywood but way cheaper to produce.
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