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NEWS RELEASE
4 G0 J5 Q* M" lFor Immediate Release
T9 ^% _" n3 w" [: g& s% S( kNovember 27, 2007
; `3 ]* D0 I% N3 T' Z$ QAINSWORTH LUMBER CO. LTD. (TSX: ANS)& a( ]1 M4 i' b" X" u
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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7 ]$ ]2 R9 q8 k( K0 p" l0 }Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned' R" t0 }( h6 U- e8 _: c2 u; i& b6 I p
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before9 u+ B' l4 V& p+ W
year-end 2007 due to operating losses and reduced customer demand.9 C5 c( N" e3 F4 H# j3 s+ b
7 p4 i: B: k; n( A3 Z) J: cThe High Level mill employs 150 people and produces approximately 700 million square feet2 R# O% j! ~7 z/ V
(3/8” basis) annually./ z' f1 X/ Q+ }$ \' e
% o; x7 H( U F7 T9 mOSB production is expected to be curtailed effective December 20th. Footner will provide5 X' p$ O' |/ h: `; p5 u" f& S( N
affected employees with severance pay and employment transition services.3 _4 S; o' ]2 x2 v4 N$ Y$ }
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
( [! ~- I3 u% aAmerican housing starts and structural panel consumption coupled with considerable
) R) J) G3 {6 K) `8 _* _+ f) @ boperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses$ d% f \. g( X1 S# I0 M7 I
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity* q, T( Z9 Y6 F, @3 N/ d
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not6 s; `8 V) f2 V% _$ h
foresee any short-term improvement in either customer demand or costs.”
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/ @- [8 C( ~! h! q' R/ f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。 J2 N, d9 S0 h! L0 I8 ~) ?& k
9 m( z% W6 i4 @& u) Y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。/ q/ @ [0 f% m+ T3 _6 F
* Z- v4 r9 H1 N: _% V C8 wAinsworth的CEO最后一句话值得我们深思。 |
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