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NEWS RELEASE
' m8 W @! P! zFor Immediate Release
6 ?3 d" t2 S% d& cNovember 27, 2007
7 ]$ X+ j, C$ H+ x) TAINSWORTH LUMBER CO. LTD. (TSX: ANS)
1 J' t `; l2 TAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL- [+ E" l; x5 [: k
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
: \4 q9 p$ f4 Q/ [. aFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before" n1 \% R; p2 G' ~, P: d X
year-end 2007 due to operating losses and reduced customer demand.1 v K; V/ r: G6 }, N
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The High Level mill employs 150 people and produces approximately 700 million square feet9 D) h6 f$ u& c" ^: ]6 @2 n
(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide2 _1 C; h7 F6 Z2 b6 a k' Y: N$ \* P5 z
affected employees with severance pay and employment transition services.
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“The decision to indefinitely close the Footner facility reflects the severe decline in North9 \* Z; c l8 S( M" s
American housing starts and structural panel consumption coupled with considerable) q, ]$ M, h; O# T0 o/ k3 `8 u7 L9 D1 J9 r) Q
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses4 f( k5 Y5 d) v0 w9 Q
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
, E0 w6 d% @4 V; V. t8 pand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
6 j* [3 D" _8 F- D& t. rforesee any short-term improvement in either customer demand or costs.”
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1 Z; v9 ]: B) J+ J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。/ }* `# ~, X/ N4 Z! Y
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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 F' @# V9 x# Y: @8 ~3 @
n3 d4 h" S2 {. I E1 l" fAinsworth的CEO最后一句话值得我们深思。 |
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