a process is provided for producing a compression molded article of a lignocellulose type material by use of an organic polyisocyanate compound as a binder . the process comprises carrying out adhesion by use of the following components an organic polyisocyanate , an aqueous emulsion of a wax having a melting point ranging from 50 ° c . to 160 ° c ., and an organic phosphate ester derivative and optionally water . the compression molded article can readily be released from the mold , and has excellent physical properties .