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NEWS RELEASE
! @2 s% @( g1 CFor Immediate Release
+ y( h* p( u& P4 t, f7 I+ m) |/ J* o$ LNovember 27, 2007
/ F% b5 {5 j- FAINSWORTH LUMBER CO. LTD. (TSX: ANS)' j. J u' E; |) e! l/ U
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL+ M- T \: h" X) t* F# f; b4 x
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned- X9 }4 s/ y O* x, q
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before; J3 ^3 G: V% H) l j3 ?: ?
year-end 2007 due to operating losses and reduced customer demand." |2 ^" v' w }( ]
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The High Level mill employs 150 people and produces approximately 700 million square feet
0 X1 t* l b$ Y( ?) A6 j5 p+ r(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide% c6 t- H) k# t' e @5 H; r1 o5 X9 ~
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 North
7 j4 K& f; f, [5 Q: N, bAmerican housing starts and structural panel consumption coupled with considerable
* w" h. M& @) Q* `operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses. d! J- ~' ~6 w9 P: U
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
# j# X( d' w: b+ cand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
1 W6 _* d4 C. t- F. W" I( O9 Bforesee any short-term improvement in either customer demand or costs.”! O" R* Y @% U, ^( t6 b
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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。+ s$ J; @8 M3 P0 B. e7 o
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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。: O Y2 G p6 _2 G5 G
5 T3 ^- h3 ?- Q0 K mAinsworth的CEO最后一句话值得我们深思。 |
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