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NEWS RELEASE
6 I, h9 }6 }, u! VFor Immediate Release
2 ^* D# z1 v+ B8 |/ {November 27, 2007
. I7 N7 p6 N6 uAINSWORTH LUMBER CO. LTD. (TSX: ANS)
, M; x7 @/ ]( A, z4 ]AINSWORTH 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
7 c' C+ a) @! q' C c6 @& i- [/ aFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
0 Y; ~5 _ Y2 W5 M; kyear-end 2007 due to operating losses and reduced customer demand.
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- K( n7 ~. O% u' VThe High Level mill employs 150 people and produces approximately 700 million square feet
" I( z' d! A+ o0 p( [& N! `$ y3 E(3/8” basis) annually.0 l0 V8 ^$ a( q% x `, d# u) M
* w0 u m% K; Z+ g* ?+ }9 r( N0 DOSB production is expected to be curtailed effective December 20th. Footner will provide
0 u- R7 ~9 \# p* y3 k: L: W7 xaffected employees with severance pay and employment transition services.
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! e1 o+ H3 V. W$ k" ?“The decision to indefinitely close the Footner facility reflects the severe decline in North" R" z, |4 z$ a: H3 P
American housing starts and structural panel consumption coupled with considerable
' V9 P& e' o: o( c8 e1 N# Moperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses# ]3 T. ]2 L4 ~' L* v8 v& t. D
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity# q/ D3 y2 D7 U' k8 A: O+ V
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not9 L" h6 c8 ]$ k! g6 H
foresee any short-term improvement in either customer demand or costs.”
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8 c3 x. d1 a! C3 s" ^+ j- ^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。6 o; R2 e1 i. A0 I. K
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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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Ainsworth的CEO最后一句话值得我们深思。 |
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