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NEWS RELEASE
+ O1 N2 [7 A; EFor Immediate Release
: G; [0 j% R3 g$ I) U5 n2 F5 QNovember 27, 2007
( L' s8 D9 ^- d0 g5 a. ZAINSWORTH LUMBER CO. LTD. (TSX: ANS)
1 A8 E3 e' B5 z3 D7 |; v rAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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& q0 J3 \ O1 m+ yAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned" f; K+ f5 `& o {% r. n- J
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before* i0 |' D, M& s- D, d
year-end 2007 due to operating losses and reduced customer demand.
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$ k% m( r. h/ I e. a! hThe High Level mill employs 150 people and produces approximately 700 million square feet' A7 |! o# Q6 U" h
(3/8” basis) annually." D7 B5 K% P- S7 l9 n
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OSB production is expected to be curtailed effective December 20th. Footner will provide( {) O& B' F* G: t$ ~
affected employees with severance pay and employment transition services.3 N: l0 F1 g6 ]
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
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operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
) r, r( r' Z/ s/ K+ {due to the stronger Canadian dollar, high freight costs to key markets, and local electricity/ J8 e- H4 ]/ m1 s3 u7 e
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
3 s1 Y# i; o9 f3 K( h& o0 ^# Yforesee any short-term improvement in either customer demand or costs.”! r: r' q3 F& l' S
4 U8 j7 P4 x8 t0 O: w. 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。
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+ V6 E' F5 B% K6 g! j, i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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, f( N! P( c8 a* vAinsworth的CEO最后一句话值得我们深思。 |
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