The objective of this paper was the development of boards made from waste newspapers. The boards were produced from particle ONP(old newspaper) to reduce energy consumption in the board production process. ONP boards bonded with polyurethan adhesives(PU) were produced on a laboratory scale, and their physical and mechanical properties were examined. The average density of the ONP was $0.48g/cm^3$, and the densities of the boards were $0.50-0.90g/cm^3$. Therefore, th compaction ratios of the boards were in the range of 1.04-1.88. The results obtained were as follows: 1) An increase in board density results in a corresponding improvement in bending properties. 2) An increase in board density results in increased thermal conductivity. 3) In this research, ONP board can be used only for interior applications. To gain exrerior applications, the dimensional stability properties(thickness swelling and water absorption) need to be improved.