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NEWS RELEASE- R) I+ ]% m3 h2 b' R
For Immediate Release
! J6 a' Q! I+ \5 NNovember 27, 2007% K! {6 o( ]8 D1 R c% ]
AINSWORTH LUMBER CO. LTD. (TSX: ANS)* L J$ j" Z" V O& c
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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7 Q* S0 e4 P" K+ IAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
0 k( X! O n: v* ^: kFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
) ? n# \, h) d8 L+ `0 d/ l' w( `year-end 2007 due to operating losses and reduced customer demand.
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The High Level mill employs 150 people and produces approximately 700 million square feet
% E2 a8 v' ` k(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide( [) b! |2 x+ L# P9 `( q! t
affected employees with severance pay and employment transition services.8 ^' u4 H7 P' B( s" G1 ]
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“The decision to indefinitely close the Footner facility reflects the severe decline in North! y' M% T( {' J* Y" V$ @0 t
American housing starts and structural panel consumption coupled with considerable
c; E& [/ p2 J U @+ F- S6 woperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses$ H7 ~* q- T7 V. G) d1 e, W
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
+ @ {0 q w4 K# wand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
: ~% A3 {* Q3 C( E& d+ rforesee any short-term improvement in either customer demand or costs.”
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1 X, L; D0 j* h5 T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。+ p. v" J$ m& t3 a9 T2 U
& L) e' z7 E" G4 a+ e1 S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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# B7 A; w. @3 L6 S, \. NAinsworth的CEO最后一句话值得我们深思。 |
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