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NEWS RELEASE1 \% ^, F/ S" |' y# \; v
For Immediate Release% ~* m( I* m: f. k5 }
November 27, 2007' k' t8 l( g% s8 X
AINSWORTH LUMBER CO. LTD. (TSX: ANS)3 n) ` v( O; Z- _
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-owned7 H9 R( a3 D) q9 K p
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before2 `" D5 z, Z F# B) _4 n
year-end 2007 due to operating losses and reduced customer demand.2 c+ A4 |# O; v4 Z! n# G; @
4 r8 g5 `2 s9 ?& PThe High Level mill employs 150 people and produces approximately 700 million square feet
. |, V% f: p" l) U+ ]' D5 s(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide3 y0 q4 Y4 v6 @ r& c9 M# ?
affected employees with severance pay and employment transition services.; `1 y) Y9 N8 K4 U/ h- r
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
2 E" r3 S" x% R: m' `American housing starts and structural panel consumption coupled with considerable
$ p6 D- c3 I! W+ d2 H4 V! F$ Voperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses6 t4 E( g; j3 g) T
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
( h+ @. E* z8 Oand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
1 U0 J; E- y1 m( F& x. L2 T# O1 @foresee any short-term improvement in either customer demand or costs.”
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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# C+ }% j( I4 [9 o, P
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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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/ V" Z4 X& P: C% @+ IAinsworth的CEO最后一句话值得我们深思。 |
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