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NEWS RELEASE7 Y* o% ?* \# K7 C/ }, k
For Immediate Release, X7 r) X: j; W3 Q6 W2 A' e X- d
November 27, 20073 o- Y% y9 p2 |4 w, H
AINSWORTH LUMBER CO. LTD. (TSX: ANS)' h U5 ?2 ]$ m6 ^7 y# M
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL, v' J, ^- ]; a+ @
$ P& T) n& \% dAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
' A1 v/ S7 T+ |; G) Y8 ]6 m9 {Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
) s3 g* z8 K% [year-end 2007 due to operating losses and reduced customer demand.% x& j' _5 [( `, N' ^
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The High Level mill employs 150 people and produces approximately 700 million square feet
" O2 b& S$ M* e l' S( ^(3/8” basis) annually.
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% U, w; [6 E6 k$ Z0 Z9 hOSB production is expected to be curtailed effective December 20th. Footner will provide( ]% y$ }6 d( a$ V* X" V
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
p' b% d6 x1 kAmerican housing starts and structural panel consumption coupled with considerable
* u/ B; ^5 Z+ S H) r5 H. F; L: }operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses- f# v% f1 r' y: f
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity* |6 @5 V9 R9 I s4 }0 e7 ^
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not+ H. E' y) t* A; J# D0 m6 C' E
foresee any short-term improvement in either customer demand or costs.”
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& D) L: |( u6 K% e+ {5 O4 E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。( [# @! a4 A" X
* D/ K5 o, a* v8 V3 m8 h" E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。* ~8 U7 Z6 ?6 ?8 L7 X
! f+ P$ o; M; Y; p% {Ainsworth的CEO最后一句话值得我们深思。 |
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