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NEWS RELEASE2 _! \' E4 w" V4 v" T
For Immediate Release
+ `; u2 v# |! A6 {. w8 v9 c% @November 27, 2007
S: q) c% g4 B3 o. J. c1 ?: DAINSWORTH LUMBER CO. LTD. (TSX: ANS)- l# c- k& d3 a) l# u
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL/ T8 t8 l9 W4 V3 F: V
3 u1 a, ~" y5 y" U7 k' I* MAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
9 j* ?: B1 i4 p' L) m- L3 iFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before+ l9 j+ E9 A6 L
year-end 2007 due to operating losses and reduced customer demand.
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The High Level mill employs 150 people and produces approximately 700 million square feet
6 J& C; n7 |8 g& c. r(3/8” basis) annually.6 [5 i6 [0 g* B- s$ D
7 Z) a, H9 P( }$ ~OSB production is expected to be curtailed effective December 20th. Footner will provide% [" b. N* B' w: f# ?! K2 i
affected employees with severance pay and employment transition services.4 t. `8 E% l n' {
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
6 E4 q) K" s3 U2 f/ L+ K! UAmerican housing starts and structural panel consumption coupled with considerable
* x9 B+ |7 _( l7 m; T; r+ m" zoperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses( @' d, D% @- [8 U
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity8 z4 e2 a5 Y. }+ t/ a9 C
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
; }3 N" B: g* a9 Mforesee any short-term improvement in either customer demand or costs.”/ P; B8 |0 ~: F
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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。
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; h$ e; h! d: J( C( d3 O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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* T4 U) y. `* `+ X4 bAinsworth的CEO最后一句话值得我们深思。 |
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