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NEWS RELEASE
5 R9 r. b! U2 ~' dFor Immediate Release
5 n# G2 N/ {9 Z# Y- B0 |November 27, 20075 x0 t1 z5 q+ d1 B
AINSWORTH LUMBER CO. LTD. (TSX: ANS)# U+ q# f$ q2 }
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-owned3 z3 i- z1 w+ u: ~; o2 p# K9 Y
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before# W. a1 k" k4 h- \. U+ g% G
year-end 2007 due to operating losses and reduced customer demand.- B1 x6 b# b+ Y. }
# B! ^9 X+ C t7 P4 f( P" q" I4 AThe High Level mill employs 150 people and produces approximately 700 million square feet" z! n" v8 c- L
(3/8” basis) annually.
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5 I5 T* z9 q+ p _; v6 _4 n: POSB production is expected to be curtailed effective December 20th. Footner will provide) l! F$ d9 r8 |4 F
affected employees with severance pay and employment transition services./ {! |0 l7 ]! {5 X* C
% M1 u f* n7 v* K“The decision to indefinitely close the Footner facility reflects the severe decline in North* h. }& c" x) c" ~
American housing starts and structural panel consumption coupled with considerable
6 d! y$ b# t) J t2 y: e9 J, Foperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses. ]4 k( s+ E& }
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
7 N" g' Z+ j" V/ c$ mand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
# E4 O' e" G2 H9 Jforesee any short-term improvement in either customer demand or costs.”
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' |5 S/ A6 E' Z! F8 n" I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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! e$ u5 N/ F: E: j& Y* p2 X* i: g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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