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NEWS RELEASE% m0 ]2 f$ _ Q4 w
For Immediate Release
2 K0 e* ?2 }8 K- s MNovember 27, 2007/ [: u j6 f5 B( J
AINSWORTH LUMBER CO. LTD. (TSX: ANS)( Y+ |) r+ i! |, n
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL& x" V' z3 s+ D! _$ O
/ t2 ~1 B( N2 a+ E; Q- F$ i. C5 SAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned- Q, R7 c8 f) ~, N* q: p
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before; i& O) j* s* H, W& H
year-end 2007 due to operating losses and reduced customer demand.
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9 o) _& j5 C5 o0 yThe High Level mill employs 150 people and produces approximately 700 million square feet- O6 h3 s1 e, L: X7 o
(3/8” basis) annually.
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5 o7 J) ]7 s" a9 i0 z1 WOSB production is expected to be curtailed effective December 20th. Footner will provide
7 A0 u: E: b0 ?( Q4 `" eaffected employees with severance pay and employment transition services.
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. l) |1 w( q$ k" C3 Q7 j% ^ W“The decision to indefinitely close the Footner facility reflects the severe decline in North
! G' y, t1 i# x/ x( F* ~% bAmerican housing starts and structural panel consumption coupled with considerable
# g" T% k0 b9 t% G' @, L: Xoperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
& F. q% q, R5 t; U& cdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity6 D! J' z4 x' A" C. {
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
L6 e5 M: f( ]) Aforesee any short-term improvement in either customer demand or costs.”: k; }! r# d3 s, s$ z1 k7 O7 r
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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。) ]2 i7 y9 } _8 r! G8 @
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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。3 s9 z; s6 e, _3 f; @7 b6 c$ c
' T0 P( T( I8 Y" ~. I5 `0 JAinsworth的CEO最后一句话值得我们深思。 |
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