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NEWS RELEASE
+ O- j3 n; W7 R* y& s4 D6 lFor Immediate Release
- r1 d( j$ f' y" p/ n" WNovember 27, 2007
1 Y7 C6 n% C- ^; Z- s9 J) cAINSWORTH LUMBER CO. LTD. (TSX: ANS)
* W9 F; x" ^+ ]( [. _AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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4 g$ Z9 C& t; H2 V! OAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
- W1 i2 V# u/ q# xFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
0 ^/ u; o' Z* I t5 P( m& oyear-end 2007 due to operating losses and reduced customer demand., n0 q5 S% h2 K% K4 B
- i% G7 e7 q: ]+ f4 [. BThe High Level mill employs 150 people and produces approximately 700 million square feet
- S5 d. ^9 K4 `- W) ?(3/8” basis) annually." n/ x1 A+ D! a7 r/ V! h
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OSB production is expected to be curtailed effective December 20th. Footner will provide* m! T. \* P0 q7 i+ L2 C
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 North0 _; a( M2 C" W2 q% I
American housing starts and structural panel consumption coupled with considerable
! q9 h9 C; p9 ^' s1 u4 ^6 Goperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses3 Q+ S; _( r7 t. Z6 n
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
% a5 k' K! r4 A/ h/ F# k2 }9 land taxation rates have regrettably forced us to take this action. Unfortunately, we do not
$ }" |& \$ ^7 ?7 X% L' C4 `8 _7 Dforesee any short-term improvement in either customer demand or costs.”/ f$ I' z' P% n9 m" |# F' _
9 y( P" ~* m& D9 H) ^& k5 i# o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。: c' l+ @) C/ |2 f7 X. S" u% M
0 k5 L1 [: Q1 v" d9 C+ M2 w6 w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。" _7 x0 I0 {$ w$ e' [' X# `
- p3 |1 j3 D4 V( v& m2 AAinsworth的CEO最后一句话值得我们深思。 |
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