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NEWS RELEASE
4 c8 L& B% H& r A0 TFor Immediate Release1 o* p) _: K" S) B9 Z
November 27, 20072 V I% ~( @5 P+ x( ^. P
AINSWORTH LUMBER CO. LTD. (TSX: ANS)4 c* q' V& `( [8 A6 i9 v
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned' ^! D/ b2 E: W8 z' t z9 r7 O& z
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before2 m8 r& _, D* n8 S
year-end 2007 due to operating losses and reduced customer demand.( e1 G( P" Q2 `+ k: d6 X$ S
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The High Level mill employs 150 people and produces approximately 700 million square feet" h( `" {2 }* W- ~# j
(3/8” basis) annually.
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; C2 L/ l" \" F" `1 oOSB production is expected to be curtailed effective December 20th. Footner will provide
* m0 T( c- v) n+ @5 \affected employees with severance pay and employment transition services.
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0 E2 H( k$ R. m" Y“The decision to indefinitely close the Footner facility reflects the severe decline in North. r# [* c3 m& Q7 W0 V- N
American housing starts and structural panel consumption coupled with considerable" g% z8 @( K3 p- `, G! R
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses$ e6 }( g+ z. d2 k5 J @2 U$ ], t& ?
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity; o' L# [: E' _8 d, F: w/ H
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not" Q) e) u9 K2 f/ |+ T5 w
foresee any short-term improvement in either customer demand or costs.”
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1 |# T o+ `1 \, ?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。: k8 K. h/ }$ `3 I# V; m/ w9 ]# H
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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。 b, }( ]& T/ \& _
% V$ \% y. q( m- h9 P5 tAinsworth的CEO最后一句话值得我们深思。 |
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