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NEWS RELEASE# k4 d$ o# q6 o
For Immediate Release y; c+ ~, h a, v1 l! u
November 27, 2007
8 t! a, c# d5 `) [, ]5 Q3 z g! t. dAINSWORTH LUMBER CO. LTD. (TSX: ANS); ], E2 M' B$ P% o/ b9 y
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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+ ?. t- I5 Z& `! AAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
8 J; O$ |/ _# w8 Q% p' FFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
8 h8 w3 T9 |/ u: zyear-end 2007 due to operating losses and reduced customer demand.$ i4 G$ a7 w( O! V# A
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The High Level mill employs 150 people and produces approximately 700 million square feet; t, e/ T6 @6 N6 J
(3/8” basis) annually.$ c3 s$ w# X/ a1 B L; B2 X5 \/ q- D
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OSB production is expected to be curtailed effective December 20th. Footner will provide- G+ U' B. t' x# B' b/ h
affected employees with severance pay and employment transition services.
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9 [( A, K/ B& U, g# L9 U“The decision to indefinitely close the Footner facility reflects the severe decline in North& W' Y6 X7 V S& R2 g+ O! o
American housing starts and structural panel consumption coupled with considerable: m4 V+ X+ R# o; h4 o
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
: X0 t& z3 p8 idue to the stronger Canadian dollar, high freight costs to key markets, and local electricity7 C( r z0 E6 d$ M: \
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
; K# F" @9 a& }5 y. Lforesee any short-term improvement in either customer demand or costs.”) w+ s5 i6 i; Y" h' x5 ^
+ ]' [5 B& [" Q3 Y0 d: t; F; u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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& D3 t, y @: {6 |) r5 e7 W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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Ainsworth的CEO最后一句话值得我们深思。 |
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