Experiments were conducted to evaluate steam-injection pressing of plywood using saturated and superheated steam conditions and three steam-injection times of 1, 2 and 3 minutes. The results showed faster pressing times were achieved with the lower steam-injection times of 1 and 2 minutes. All the panels prepared under a variety of steam conditions exhibited excellent bond quality and the average % wood failure was greater than 80% in all cases. Using steam-injection times of 1 and 2 minutes for both superheated and saturated steam conditions, the pressing time was reduced by over 30% compared to conventional platen heating. An economic analysis of return on investment for thick plywood products shows the pay-back period for retrofitting an existing plywood press for steam injection is less than 2 months.