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NEWS RELEASE
& }; f) X; k5 H) a4 JFor Immediate Release
% a, c; {1 ?" s. a+ w; u6 w; `3 ^/ LNovember 27, 2007
4 x2 q& K+ U2 w( n6 C; s2 fAINSWORTH LUMBER CO. LTD. (TSX: ANS)
! |2 r" W O# r3 pAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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, ?6 h- @8 [, }Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned: u5 S& T# F( O& V% e! Y6 z4 `
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
6 V1 J& `4 ^! [year-end 2007 due to operating losses and reduced customer demand.* @$ @8 d2 O( W3 h3 p N
6 Y1 U! G5 M5 B; h) R9 LThe High Level mill employs 150 people and produces approximately 700 million square feet
y- z$ f+ W) `7 N$ ^5 ](3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide5 V. G4 W g0 N$ x( g7 v9 v
affected employees with severance pay and employment transition services.7 b+ R- D: M) @' Y5 c% N" C
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
& r' d8 ]; S2 D9 {6 c5 {# K0 AAmerican housing starts and structural panel consumption coupled with considerable- V4 k3 H1 U( ?+ L% N
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
* x2 Z T! ^3 m( m% A. G: edue to the stronger Canadian dollar, high freight costs to key markets, and local electricity* z' j' p1 S' E5 ]
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
3 m" q: m1 q5 @. f Tforesee any short-term improvement in either customer demand or costs.”% `0 g4 d- Y# z" A8 k
( P$ j7 |% C# l; E: s9 ~; |) ~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。4 J7 Y0 x5 s7 r1 n9 W2 P" p
2 @8 t/ ^2 U! i8 f# \" o7 W8 |6 o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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8 @4 l9 o& K* zAinsworth的CEO最后一句话值得我们深思。 |
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