Plywood is a wood-based panel product comprised of a collection of veneers that are glued together with a resin. To sum up the production process; logs are peeled into veneers, the veneers are lathered in glue, laid up so that the grain direction of each veneer is perpendicular to its adjacent veneer, pressed together, trimmed and sanded. Chipboard is an engineered wood product manufactured from wood chips, sawmill shavings, or even sawdust, and a synthetic resin or other suitable binder, which is pressed and extruded.