For determining the suitability of Eucalyptus camaldulensis wood for the manufacture of cement bonded particleboard, panels were made from the flakes before and after extraction with cold and hot water separately and by mixing Portland cement at the rate of 66% of air-dry weight of the board Physico mechanical properties of different panels indicated that the dimensional stability of panels containing cold water extracted flakes was poor as compared to those containing hot water extracted flakes. The modulus of rupture, nail and screw withdrawal resistance of panels containing hot water extracted flakes were better than the panels of cold eater extracted flakes.