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NEWS RELEASE" a& {' P ?$ p' d
For Immediate Release8 B+ H( Q7 L; P4 }! P2 \: r" S1 H. a
November 27, 20073 w( D. B6 e; k
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
: R, j0 R9 U6 LAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL% n8 b4 V% m. G; ~$ |2 n, O3 {
1 |8 ?- F5 Q) m& Q1 bAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
8 [ I2 b$ K' [. x, S7 ^; I0 {Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
( k" Y" a) d9 G* W! K. I7 u" }' _year-end 2007 due to operating losses and reduced customer demand.9 X9 r4 M7 i' k/ w- ]
; W$ s. t6 S" S. ]" U6 MThe High Level mill employs 150 people and produces approximately 700 million square feet
+ e9 @) O8 e& ~/ r(3/8” basis) annually.: x: ~$ y) J. D; X. p9 o3 O
; e- `. |% @6 l3 y$ p- I# g8 [- wOSB production is expected to be curtailed effective December 20th. Footner will provide) E8 I! @6 x" }3 y
affected employees with severance pay and employment transition services.
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
0 x1 ?" x" k5 J2 ]American housing starts and structural panel consumption coupled with considerable: d: B' h! k" \5 F4 V' x
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
, G9 t3 n- l$ l; l4 odue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
- H9 M; Q4 S, {, v2 [1 mand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
7 `: j1 x6 i! w! g4 Fforesee any short-term improvement in either customer demand or costs.”& @2 x, a% ]2 P; q; e' w ]
' k/ W: Y3 N7 @" o4 H; x1 z5 z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。* ^& A7 {9 ^+ [: i' p) `6 L" B
: B8 T9 c. x# r, i" e9 K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。0 r: z2 n' d H9 G+ t- g& \( f
@$ {5 d' Z" ~' v! ]- F: n' NAinsworth的CEO最后一句话值得我们深思。 |
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