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NEWS RELEASE& v0 c) T: c. Y6 k/ o; V6 F
For Immediate Release
+ K G7 b0 H1 G0 }9 \$ x0 fNovember 27, 20073 {, A0 ?! n$ u; | S$ c7 U, ?) C
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
/ I4 U, n# ?0 e# r) ]3 gAINSWORTH 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: [! M6 Q0 d# ~
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
. k3 F$ v- z, b3 n1 x8 Q! dyear-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
/ E6 i+ z* x+ r(3/8” basis) annually.1 c) Z% I9 c" R( v3 \& Z# b& H
# P6 p; ^1 ~ P, G# i1 e& GOSB production is expected to be curtailed effective December 20th. Footner will provide* z9 o% x& ?3 c0 o, W8 K( j, d
affected employees with severance pay and employment transition services.
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“The decision to indefinitely close the Footner facility reflects the severe decline in North" ]6 W% P2 l2 ]
American housing starts and structural panel consumption coupled with considerable
- {3 M: y3 ^! e+ x5 z& doperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses! J: w+ A O0 |1 {2 ?- ?/ a
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
$ F7 [& v' t v _0 Iand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
' f. ]& t4 O( K8 g; X$ Vforesee any short-term improvement in either customer demand or costs.”* h/ P& S/ [: V- p7 V: L
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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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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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) M b6 W" f ^# [: _/ e5 aAinsworth的CEO最后一句话值得我们深思。 |
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