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NEWS RELEASE
O, ^ v* X$ O' X0 DFor Immediate Release b6 P( z! B/ Q
November 27, 2007
3 B) e( {* E, ^) CAINSWORTH LUMBER CO. LTD. (TSX: ANS)
6 X0 p- X. m, r. D3 {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! x. v" n1 \! F6 j; i7 L$ Y
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
; X- A' V& b8 j Gyear-end 2007 due to operating losses and reduced customer demand.+ P5 j: M3 f0 B- e( N, P' w
" v ^6 J5 ?& bThe High Level mill employs 150 people and produces approximately 700 million square feet
" L3 `" T$ g6 v# Z+ w; @9 o7 A(3/8” basis) annually.( \% [4 \& W" X2 m# Q
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OSB production is expected to be curtailed effective December 20th. Footner will provide
! F6 e" W; W [affected employees with severance pay and employment transition services.
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7 Y& ?) D, {. M" a1 W. }0 J“The decision to indefinitely close the Footner facility reflects the severe decline in North
; q7 S4 z. W+ sAmerican housing starts and structural panel consumption coupled with considerable: @3 E b* F2 ?9 `, m7 @1 c+ B) C
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
- C, M" w( Q' sdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity. h6 k- o5 u, Q% u; ~' ~) J
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not6 ~, Z0 ^4 \& D# J
foresee any short-term improvement in either customer demand or costs.”
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( n4 w& r* ?, B. p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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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 X- }, Y' @0 T4 y. s# S. L4 {Ainsworth的CEO最后一句话值得我们深思。 |
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