 And then you have the engineered stuff, which is a plywood composite panel with a wood veneer on top. Now, the next one here is what to do with worn-out bamboo flooring or click-and-place hardwoods. Here's the problem with those pre-finished hardwood floors that are a veneer that look like a plywood. One, they have that aluminum oxide coating, which most floor refinishing companies won't touch because the stuff is so toxic to work with.