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NEWS RELEASE
' J( E+ S- E J; j! HFor Immediate Release
+ X# o- e* L* P+ V- G* TNovember 27, 2007
* c5 Z3 R& ?( Y: H/ I. Q9 wAINSWORTH LUMBER CO. LTD. (TSX: ANS)
: |0 k/ L% ]1 ]AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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6 C4 F; v- N5 D/ ^4 m& s4 l& dAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned* p4 t3 z @7 ^' e( y- r
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before7 k% A$ I! T) F& v; Q! i& s* k& v. L
year-end 2007 due to operating losses and reduced customer demand.. K/ c% H S @, z. ^
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The High Level mill employs 150 people and produces approximately 700 million square feet% [/ m/ C }8 B1 l
(3/8” basis) annually.7 {3 G0 J0 u3 Q5 g) |, [( s
* l4 q) W; h1 cOSB production is expected to be curtailed effective December 20th. Footner will provide
' P& S* Q" M1 h0 x3 Iaffected employees with severance pay and employment transition services.
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R0 p0 k! K7 f" Y4 T+ a“The decision to indefinitely close the Footner facility reflects the severe decline in North
6 I1 t' B8 |! T/ d) i; VAmerican housing starts and structural panel consumption coupled with considerable
$ c" p, w( K4 D- G" {) Voperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses. `/ y' f ^" X; m& |& f* ?
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity8 @* E" v( j0 J7 ^2 b& b
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
Y/ V0 g7 A2 i$ ?" @) Vforesee any short-term improvement in either customer demand or costs.”
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! w. D; G5 A9 b* F J+ [; ]$ 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。: t2 p8 I0 r* M* q$ p k- Q9 G
( K+ q0 P* k# C" X `9 L: v5 X3 H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。; p: j0 g0 y6 D/ {2 P3 u
. P5 I. c6 i) v0 D; _7 `( a c1 T7 aAinsworth的CEO最后一句话值得我们深思。 |
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