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NEWS RELEASE
) |1 ^, `1 {- IFor Immediate Release& ~! q' k/ B1 }& Z- I
November 27, 2007) d, E! ?3 |( N. O& l! ]! m
AINSWORTH LUMBER CO. LTD. (TSX: ANS)5 [/ A* Y; k {
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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& X: r1 P \/ ?5 E0 EAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
1 b! Q; J( l+ \3 a% ]. N6 [* V4 MFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before" I) F" j- Y: `4 i+ H
year-end 2007 due to operating losses and reduced customer demand.3 r1 z J; H9 J3 N) ?- b( V7 |
" [! E* ?$ x- e! `The High Level mill employs 150 people and produces approximately 700 million square feet
; _7 `/ s; _2 c' k7 M& z(3/8” basis) annually.
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0 O: p, d( z* r. ^ Y# R+ uOSB production is expected to be curtailed effective December 20th. Footner will provide* g, t! {: b1 D/ r& N+ V _/ b* K
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
1 g0 R/ u+ c- @" `# c9 xAmerican housing starts and structural panel consumption coupled with considerable7 U5 t7 M% W1 D( {
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
0 T7 w0 U# A+ v- y* @5 C6 Pdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity; \# g0 o9 B! G2 m9 l
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not+ A5 T3 }! \2 |0 G
foresee any short-term improvement in either customer demand or costs.”* C; y! s' S8 Q* c0 V
) O, t1 G' o- J9 [+ k' t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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- @+ T/ I' K6 }" @" T9 G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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/ A4 Z4 T) p& t m+ y: XAinsworth的CEO最后一句话值得我们深思。 |
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