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NEWS RELEASE; ?5 t" L/ v y
For Immediate Release
2 m+ M% U5 a% e4 r/ y# r( {November 27, 20075 m( p6 |+ r% {' y5 w- y- l( I
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
% R7 m2 G$ F$ t3 LAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL. [+ P! d( B$ N" S$ z
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned. Z Y: Z3 R8 g5 P* r' Z
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
6 n3 `6 O( h, Z# h6 L6 qyear-end 2007 due to operating losses and reduced customer demand.
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3 l% Y. z" D( T) }6 O# W2 ~The High Level mill employs 150 people and produces approximately 700 million square feet
' A( [/ i# u2 @5 F) H) s( q(3/8” basis) annually.6 E0 M! H" _: g1 |" x8 U! M
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OSB production is expected to be curtailed effective December 20th. Footner will provide k$ N4 p, b9 ~$ j0 w8 g2 N
affected employees with severance pay and employment transition services.7 g- \ [1 U j# ]0 w' s. h. X; F0 c6 |- g
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“The decision to indefinitely close the Footner facility reflects the severe decline in North$ a. f3 R ^! Y e. h# S
American housing starts and structural panel consumption coupled with considerable7 F% S0 P$ k3 r- i' e& G
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses! T8 B" i" g, d c8 J6 k. s. b" P
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
7 F: Z; `: d: q& z {; Jand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
$ h9 n& i& v* o+ z9 {' ^foresee any short-term improvement in either customer demand or costs.”
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- @$ L$ i" U3 [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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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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Ainsworth的CEO最后一句话值得我们深思。 |
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