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NEWS RELEASE! C. a3 i4 S& r+ h
For Immediate Release1 s. ]4 H" X) b9 \3 M, p
November 27, 2007
* ?2 T$ _ W9 j/ N- t1 m4 jAINSWORTH LUMBER CO. LTD. (TSX: ANS)
! _% Y- ~7 {/ S) [! ?* _% \% mAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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6 x: r$ H- F1 N+ P% s( lAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned0 Y4 O$ { }& B2 N+ X- u! O4 K
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before8 _5 h! D6 P3 p! ^& \. J8 y
year-end 2007 due to operating losses and reduced customer demand.0 ^: L" O3 I% J9 t7 P: N& V
, K7 h; b& n/ R8 N, FThe High Level mill employs 150 people and produces approximately 700 million square feet5 Q) |9 U4 b! c) j
(3/8” basis) annually.2 `% Y- U1 I) t* [# z+ S
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OSB production is expected to be curtailed effective December 20th. Footner will provide! F. P6 h( i! A( G! K8 u2 J x8 A
affected employees with severance pay and employment transition services.
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: ]* {8 m2 ~' o1 |1 \“The decision to indefinitely close the Footner facility reflects the severe decline in North
; C5 J0 y% w+ s, k: H- BAmerican housing starts and structural panel consumption coupled with considerable
& x7 M5 J- G( b. b8 ^' g; ~operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses3 k' H. d: K) o- s( e# E
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity) a) q( W+ p5 k/ {
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not; c- E/ n2 u6 g5 s& Q/ Q% q
foresee any short-term improvement in either customer demand or costs.”
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7 q9 z1 D, `# M5 } O# A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。3 {. X6 T8 F; Z, D
2 s: i( ?3 s/ N5 t* i5 A( N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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Ainsworth的CEO最后一句话值得我们深思。 |
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