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NEWS RELEASE
/ X; j) v- B7 P4 ZFor Immediate Release
5 K, u8 k5 [/ z8 {- ^. _November 27, 2007
8 ?6 Y* ~' i E8 t0 Y3 a7 YAINSWORTH LUMBER CO. LTD. (TSX: ANS)
6 I% t z" I" x d7 P* ?AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL$ i- N$ g# J% u& U- a
0 u4 d5 d$ U( ^5 r: X* qAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
& U( J9 [: W5 k. c# h# Z2 XFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before$ c' r7 ?4 v, T. s
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! F; B4 H& l% ?3 m' D
(3/8” basis) annually.. B @* e( q* p: i
9 V. z! M3 A, }$ t I6 H3 COSB production is expected to be curtailed effective December 20th. Footner will provide N$ C3 F4 W; u6 X5 S: k% C
affected employees with severance pay and employment transition services.
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, X1 g! r6 G- c& D2 R“The decision to indefinitely close the Footner facility reflects the severe decline in North2 ~! L2 F% R" {; X) @
American housing starts and structural panel consumption coupled with considerable
4 g/ F3 d2 @8 Z, t+ _operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses2 X. C# l; ^; [8 Q; Z) e" z
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
- V; g3 O! \6 ]9 g) V6 Iand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
R2 Z' K& J0 i9 b2 U$ iforesee any short-term improvement in either customer demand or costs.”
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, s, z" _" R! S7 Y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。2 A4 r9 B# e: [" s2 r& T
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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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% [' Z. o( j0 D0 o0 SAinsworth的CEO最后一句话值得我们深思。 |
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