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NEWS RELEASE& D8 i9 Z1 w' U4 h7 F
For Immediate Release
! ^5 s, m1 X/ z; wNovember 27, 2007: g: y7 o2 u [- U
AINSWORTH LUMBER CO. LTD. (TSX: ANS); f, \0 s$ ]3 E) \
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL8 V$ ]% {# G; P' e8 }; Y& ~
' e( l5 g+ B! U! K1 AAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned C$ T l# ~# A% l4 f1 n" |
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before- f0 k _& x( D1 @6 r
year-end 2007 due to operating losses and reduced customer demand.. U: A1 b, y( ~- w
3 c" O/ f$ ?8 G; [The High Level mill employs 150 people and produces approximately 700 million square feet
% o; R5 X/ O* b: ` s(3/8” basis) annually.
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8 k, B1 K. m4 @& a/ iOSB production is expected to be curtailed effective December 20th. Footner will provide1 |: D' N& ] v! H1 }6 a7 S( Z
affected employees with severance pay and employment transition services.! T! c+ V; o; h0 u8 e" _3 }( A7 l( @
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“The decision to indefinitely close the Footner facility reflects the severe decline in North, j2 Y4 H9 Q- G7 M/ u
American housing starts and structural panel consumption coupled with considerable
# z. b0 `: i0 G/ _. H) ~operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses: d# A8 z7 u) G" ~
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity8 Z3 |9 a, [! A7 n5 t2 b
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
H) H/ r+ Y1 j M+ H% Nforesee any short-term improvement in either customer demand or costs.”
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A- p2 C' i+ d" ^7 l( A, }1 w注: OSB (oriented strand board)中译: 定向刨花板, 是目前北美建房的主要材料。亚省林业的支柱产品。
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9 R: i9 u! C$ ?( w这是我所看到的在这两个月来亚省第三家关闭大型OSB厂。另外两家: 一家在Hihg Prairie; 一家在Drayton Valley。
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3 P, S/ i! y- J# f( t" t& x, N7 \Ainsworth的CEO最后一句话值得我们深思。 |
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