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NEWS RELEASE1 h e% G6 K. V7 Y: @
For Immediate Release
" X$ B) M5 d; l b) S( @5 f' X& GNovember 27, 2007
7 [3 M) d. m# @; }) X' r: t) {$ wAINSWORTH LUMBER CO. LTD. (TSX: ANS)
' U" b& J9 F( \8 i$ X0 K# z9 tAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL; [) @& W+ ]9 k; G `
9 x( S1 O/ f S1 EAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned+ l5 ` }4 s+ d* u* f7 Q; j; z
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
7 B9 y5 {3 U$ r/ Qyear-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
- l- \& [. h8 p3 R6 b$ N' @(3/8” basis) annually.3 R. |# ~- l- A/ L
4 p1 ~/ h: n7 y- I6 @8 j: |OSB production is expected to be curtailed effective December 20th. Footner will provide
9 G) F# T5 `! _3 ~( y, |affected employees with severance pay and employment transition services.
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, a7 i: t* B: J6 V“The decision to indefinitely close the Footner facility reflects the severe decline in North
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operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
3 j8 t5 u/ c7 M( ?4 N+ z; U1 ldue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
: z# Z3 u9 n9 v; k; X% Rand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
9 `" k( L# z+ F! ?foresee any short-term improvement in either customer demand or costs.”$ h9 I) s y$ a q+ Y m
5 H- {8 v. ~/ I" U F8 \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。/ W, U+ f6 M2 _
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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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9 p) B; t z( R9 e' BAinsworth的CEO最后一句话值得我们深思。 |
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