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NEWS RELEASE
3 x* O" o. A. sFor Immediate Release
. h, R6 _' h( h/ v4 |/ p+ x3 cNovember 27, 2007
9 o+ F2 D& g" O5 n& FAINSWORTH LUMBER CO. LTD. (TSX: ANS). Q$ k! P$ R7 z- i l# i1 l q# K
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
- \' V7 S) |: E' tFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
/ n! }# `0 g) q H) \$ Hyear-end 2007 due to operating losses and reduced customer demand.6 r/ ^- @- q- Q" Q0 G* _/ p
+ d! N+ E, z4 w7 A `# tThe High Level mill employs 150 people and produces approximately 700 million square feet# a4 O& Z5 h) o+ H/ i4 ?7 _
(3/8” basis) annually.
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* _; k" C: s/ ?( \, h. B5 @0 U: q3 P$ @OSB production is expected to be curtailed effective December 20th. Footner will provide
3 A' F0 r. y$ U( n8 ]- O: gaffected employees with severance pay and employment transition services./ w* N% L. T2 A& V' s# D
8 o6 I n4 v# r5 t% R" Q“The decision to indefinitely close the Footner facility reflects the severe decline in North
1 j- K" v$ c: B1 z* Y1 s6 q/ ]" YAmerican housing starts and structural panel consumption coupled with considerable
1 C: h# i; s7 n' g- Z% Voperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
3 ]% U: }. v/ B1 k3 O3 ?" jdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity9 P3 L6 J( P# |$ ~) a
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
4 [9 q1 \, z2 I0 t [1 Mforesee any short-term improvement in either customer demand or costs.”, b/ |' n. ?* `! P
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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。! v% \& T1 J% Y8 @1 z
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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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K* f9 M1 G& h/ gAinsworth的CEO最后一句话值得我们深思。 |
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