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NEWS RELEASE
7 z5 ~! u8 \! u# f j$ M$ t hFor Immediate Release
4 `, @$ K$ K+ PNovember 27, 2007
6 O6 d' J- X0 @- v8 mAINSWORTH LUMBER CO. LTD. (TSX: ANS) ]' r; q7 O+ h9 y* s
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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$ m4 G, K) n) s: z3 OAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned/ y5 G9 X( W/ E5 D* m) f
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
! P5 o; _% E1 I$ Z5 N4 w$ `6 W+ ryear-end 2007 due to operating losses and reduced customer demand.2 d( i. {& \- @" o! @
" S! q: ^5 `9 p5 ?9 MThe High Level mill employs 150 people and produces approximately 700 million square feet
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OSB production is expected to be curtailed effective December 20th. Footner will provide# |* e# b' q3 r# ?
affected employees with severance pay and employment transition services.# {$ F% \ G" O/ I" x. k6 m
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
" I2 F5 _, @" M$ \1 s, R A' z% PAmerican housing starts and structural panel consumption coupled with considerable* [( o; F: @! Q+ k$ P/ a8 J
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
6 |7 n% j5 q& H2 ydue to the stronger Canadian dollar, high freight costs to key markets, and local electricity* \- y4 E; {5 Q, P* m* l# z0 c1 }
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
. C) ^0 B) G9 g$ ?! B! B! P& Eforesee any short-term improvement in either customer demand or costs.”1 c* I# o! K Q: J4 z. ^
/ Y; t1 f8 v9 J, A8 \- f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。/ O1 v. V* e4 J$ M1 M& ~
( q: T4 k+ @. W6 X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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/ z2 B! {4 `6 _* o9 c ?5 f" J9 ^Ainsworth的CEO最后一句话值得我们深思。 |
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