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NEWS RELEASE* y% `- ?+ b. T
For Immediate Release
$ b+ f$ h! R& j0 z* a( }5 y8 ~* ]November 27, 2007
4 f# A1 t9 }3 nAINSWORTH LUMBER CO. LTD. (TSX: ANS); L; w! C! B7 H2 d( x0 C
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL/ v L1 t" H' X* P; M) t: D+ }
# |- j/ O5 K/ B T& U. |Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned6 @. p! ^; N v/ [9 Z& i
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before( N* n. U5 A% x0 I+ m
year-end 2007 due to operating losses and reduced customer demand.
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3 A( s5 O, c9 ~) cThe High Level mill employs 150 people and produces approximately 700 million square feet
9 G7 w' _7 y7 A8 |* e(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide
8 [7 ^1 Y: U' b: }. I/ Faffected employees with severance pay and employment transition services.
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2 ]- j* t8 Q C$ s+ G* M$ u“The decision to indefinitely close the Footner facility reflects the severe decline in North
$ v1 V3 W- M0 ~: d! H/ D/ DAmerican housing starts and structural panel consumption coupled with considerable2 X1 x5 Z1 X8 w' a% z
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
& p) f+ x% f8 U ^5 wdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
' i2 {0 P5 r; `7 Z: land taxation rates have regrettably forced us to take this action. Unfortunately, we do not
' \0 u9 d% V! Sforesee any short-term improvement in either customer demand or costs.”& `" o: T% G' P& ~* a
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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。/ l7 o+ r0 s4 Z
4 M5 \# J- i' z5 a2 W0 R* b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。* _0 x, ]" Y# m8 j9 w4 r* y# J9 e
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Ainsworth的CEO最后一句话值得我们深思。 |
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