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NEWS RELEASE
: p5 y! V& B3 ^: b) SFor Immediate Release1 j/ D1 n5 W5 s2 M) M; M5 d
November 27, 2007+ J+ M2 A; n' P
AINSWORTH LUMBER CO. LTD. (TSX: ANS)/ }+ C! i, d! ]! S" k
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
& ?7 A) j0 e8 d [5 SFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before! M# g% q f7 `$ ^" K
year-end 2007 due to operating losses and reduced customer demand.' Q! \0 t7 G; Y, `" Q) S: C: |
" ]0 h9 j; f% R- d" ^$ H: NThe High Level mill employs 150 people and produces approximately 700 million square feet# \- E9 _4 S6 q: b% j+ A0 }
(3/8” basis) annually.* D" x/ w! g' Q+ j/ J7 P' i/ m
( x! s! ?- A4 sOSB production is expected to be curtailed effective December 20th. Footner will provide& s. T# r, n/ x+ @: @+ H
affected employees with severance pay and employment transition services.
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2 @. |& N* o3 Y" W“The decision to indefinitely close the Footner facility reflects the severe decline in North' y( y' M, {3 I2 k# k' @" O
American housing starts and structural panel consumption coupled with considerable0 m' s' @& f0 o9 n5 S) X
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses* X' b o$ R( |/ `
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
9 V( o5 [. W7 R* Aand taxation rates have regrettably forced us to take this action. Unfortunately, we do not, w& @. D. S" q
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。8 M# ^8 \6 K9 Y$ E" b
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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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Ainsworth的CEO最后一句话值得我们深思。 |
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