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NEWS RELEASE: |+ Q/ g+ e( q$ ~# O# i
For Immediate Release- n# j9 q* D: j- `" ^/ x4 j
November 27, 20072 B1 A& S( _& n% a( v
AINSWORTH LUMBER CO. LTD. (TSX: ANS), v9 q( m q( h6 ?( Q
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL4 |; s$ Y5 C1 y) }( J" n
* E5 k; n# n4 k4 C+ pAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
4 I2 f0 k1 M4 c8 }. W8 H, ?0 JFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before5 o1 }) F3 a9 T, `. z
year-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% [( k- @1 ]" j' {
(3/8” basis) annually.
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" T M3 M- u$ r8 HOSB production is expected to be curtailed effective December 20th. Footner will provide
. F' p) g5 C- Taffected employees with severance pay and employment transition services.2 H4 |, e4 [8 S0 Y, [
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
( H u; l9 e- l5 gAmerican housing starts and structural panel consumption coupled with considerable
0 Z* Y8 l* `' ^$ B5 Joperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses( Y6 {5 P& @7 S+ h3 |+ f0 x4 h
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
E1 s8 ?4 w/ X3 P6 {and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
& Q3 x7 E& J) t: W: \# gforesee any short-term improvement in either customer demand or costs.”! w, T! b# j2 {& c/ |
0 {5 f _6 P8 o: G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。) l. r+ o0 c% R) k" b L3 D! X
; H$ k3 {6 N3 {7 E6 {. [7 t8 z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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