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NEWS RELEASE
r/ A! y" Y+ H& o# n VFor Immediate Release7 _" x& a: {$ n0 O/ D
November 27, 20075 h3 `7 U; a- F+ _' n2 s
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
1 l4 e0 V0 `( w6 w- N4 b+ ^! p/ `AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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6 C5 X* {1 B. }+ sAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned. }6 a- ]( G& V. C0 M) P
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before& c2 `+ o' P* k1 H
year-end 2007 due to operating losses and reduced customer demand.* N: Y3 D0 i! c0 k; c5 c; Y
; J$ B6 i, f5 r6 l3 JThe High Level mill employs 150 people and produces approximately 700 million square feet9 s) D$ `6 b- p1 Z
(3/8” basis) annually.# v4 S5 V; c+ R. N5 `, ]* J' d
: A K* e% z; {8 AOSB production is expected to be curtailed effective December 20th. Footner will provide* C4 B6 h; w3 F r: w8 g9 \
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 p; Z# p' g, z. @
American housing starts and structural panel consumption coupled with considerable
: t( g4 ^5 T' p( P% {operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses: B$ X$ b+ w4 ], f: L6 f' v7 C
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity- r% D+ i9 F! W9 K+ E& k
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
* g! y" U; g+ _foresee any short-term improvement in either customer demand or costs.”( U8 j+ R; L e2 \: k
- i$ e& I% q. z+ W% f+ J6 @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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i* ^# z+ x" [+ \& l7 J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。2 d. |$ y" _9 H: o" O! O/ ?# t
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Ainsworth的CEO最后一句话值得我们深思。 |
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