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NEWS RELEASE: w: |9 s$ [; j& Q; ^7 r
For Immediate Release
t9 t# [* r* V1 M5 q9 FNovember 27, 2007. S+ Z: h( P; \
AINSWORTH LUMBER CO. LTD. (TSX: ANS); L O7 ]3 Q1 D3 t/ U3 }8 q8 ~7 y
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL) H3 I( z% l8 b1 `+ Y
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned' w n: p9 i% W
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
/ n4 k4 X1 H k4 R- o' j) Wyear-end 2007 due to operating losses and reduced customer demand.! J5 G; r/ _7 t: f( d
% h& N* l8 R+ s7 T6 }. JThe High Level mill employs 150 people and produces approximately 700 million square feet( _, Z9 Z& D" @4 J) P
(3/8” basis) annually.4 _; P8 Z, z# A% G2 ?8 _
& _/ z! q4 e6 [) DOSB production is expected to be curtailed effective December 20th. Footner will provide& Z* U# x5 L$ J
affected employees with severance pay and employment transition services.6 ]/ d, L. m, p" T3 J6 L
" r6 M, `1 I H% c9 S( g3 d“The decision to indefinitely close the Footner facility reflects the severe decline in North/ I' G* [2 L% y5 k2 i
American housing starts and structural panel consumption coupled with considerable
& J' v& ?) q6 q$ ooperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
4 \3 }& q4 u1 Y+ `0 i& Adue to the stronger Canadian dollar, high freight costs to key markets, and local electricity' d' L6 q# y8 l8 B2 }2 L' j
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not% i( S& t. F0 C: F# H- n/ a2 ^
foresee any short-term improvement in either customer demand or costs.”
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" M- Z3 G1 s5 L+ \% {5 ?6 q9 K4 v. D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。( }" V; W- ~3 R
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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。9 H, F8 J+ A9 e! l$ i$ l* l" }
7 y G) F, B7 k Q' S% z( ?/ GAinsworth的CEO最后一句话值得我们深思。 |
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