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NEWS RELEASE8 {% Y' `) f6 S2 y
For Immediate Release
( W% m: B! s( b5 q6 s; B1 g8 A' vNovember 27, 2007
1 B3 M# g% P0 Y0 [AINSWORTH LUMBER CO. LTD. (TSX: ANS); d2 J* H2 M1 L$ j0 K. ^- M3 P
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL# ]& y1 Y( |: e2 D
9 R- C: p4 c. {% Q& g3 S* ]4 aAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned7 A8 N I F$ h( s/ U
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before2 G. `) t# S. Y6 P9 P
year-end 2007 due to operating losses and reduced customer demand.7 L8 s" w6 M% { H T6 w
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The High Level mill employs 150 people and produces approximately 700 million square feet
6 W/ H! A& H0 U1 F5 y(3/8” basis) annually.
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4 T. [, }' f% }* gOSB production is expected to be curtailed effective December 20th. Footner will provide
) W4 P9 z* t K0 ~: I# W/ Q+ Vaffected employees with severance pay and employment transition services.
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
6 W8 |+ `% _- K% C3 W2 |American housing starts and structural panel consumption coupled with considerable3 D$ k6 d% j6 i& L) t
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses6 ?5 J' T) ?4 Z; _1 Q1 R1 z; b: D0 F
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
a1 \' e, ^) t) [, L+ ]and taxation rates have regrettably forced us to take this action. Unfortunately, we do not6 W2 }5 T: p' \$ \" ?8 |
foresee any short-term improvement in either customer demand or costs.”: l" W* Q/ p' N. f' g# Y
# j0 v! b n0 l/ f5 X9 F2 q6 h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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5 ~0 P8 e1 u3 I) o, _& B+ d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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