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NEWS RELEASE6 Y0 X% _% m3 [# h
For Immediate Release; b8 x4 Z% ?2 O
November 27, 2007( W* s5 }; A; B6 q+ a* [
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
) x/ G3 I" t+ ~" {+ H% e) c0 d0 p; bAINSWORTH 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
0 F' O5 K) E5 B' o) j$ ~Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before2 R9 L* b, ~' |9 X3 U$ V% L
year-end 2007 due to operating losses and reduced customer demand.( s' p# i0 F5 [* y$ ~
' Y8 T( }+ q7 o. q4 tThe High Level mill employs 150 people and produces approximately 700 million square feet
/ |& n5 ?4 {3 R) l3 N+ @0 T! H& J0 @(3/8” basis) annually.
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8 ~$ N- Z. y4 LOSB production is expected to be curtailed effective December 20th. Footner will provide7 e, |% |$ M9 e4 k
affected employees with severance pay and employment transition services.! j5 S; s8 D$ N% I
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
- ]4 R9 [& g$ m2 r' ^ ~7 ^American housing starts and structural panel consumption coupled with considerable
G6 ^8 g- B& {operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
$ j! P; l1 @! a2 u5 udue to the stronger Canadian dollar, high freight costs to key markets, and local electricity1 i' w6 O7 ^6 K: {/ [2 R, ~
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not2 S6 U. |" h2 }- _0 a" H1 |
foresee any short-term improvement in either customer demand or costs.”
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4 r. T; _, G, t& B2 d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。/ n9 J$ }0 |" O# ]
% ]7 K9 x0 _% P! F2 e6 H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 H6 N: u1 i* \* {+ xAinsworth的CEO最后一句话值得我们深思。 |
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