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NEWS RELEASE
6 D4 Q. n- _+ Z: o4 i- yFor Immediate Release
! Q4 z% e+ y+ u& }3 U( w* PNovember 27, 2007- F* ^: s) J& C9 [* I: U- ^
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
& n$ B* K8 x: D5 d" dAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL" x. y$ z9 M X9 b' X
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned& S& ?( j% R7 E- ^# L8 a0 }, ?
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before" d" C" o) ]" o. n+ y
year-end 2007 due to operating losses and reduced customer demand.
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6 U6 _) _( \8 |, O' dThe High Level mill employs 150 people and produces approximately 700 million square feet
4 ~$ p$ A8 Z6 P; g7 k- ]/ N/ U(3/8” basis) annually.6 g# |0 [* T& p3 v: f9 q- A/ b
, G P& J# [! L* u+ ?OSB production is expected to be curtailed effective December 20th. Footner will provide. h6 {/ F6 W" o2 G- s% Z- z
affected employees with severance pay and employment transition services.% n& D0 s; o) R5 ^! E, b V$ h
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“The decision to indefinitely close the Footner facility reflects the severe decline in North7 W" _2 f/ `% Y6 K! ~
American housing starts and structural panel consumption coupled with considerable
0 j! m9 s- x" Coperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses) l1 {! z- \0 l* [" d% Q
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
8 l* _# I+ f. F; V) H0 hand taxation rates have regrettably forced us to take this action. Unfortunately, we do not1 A0 c( v1 J4 i
foresee any short-term improvement in either customer demand or costs.”
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, r# I6 |! T2 s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。 q( D o1 l6 I
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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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0 w1 ?) F0 z; \( W' S0 K! T8 PAinsworth的CEO最后一句话值得我们深思。 |
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