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NEWS RELEASE
8 u0 D9 S* i# LFor Immediate Release# a" D2 @, N# E0 `: h& Z5 A. S8 `
November 27, 2007
, K1 L. ?$ j( K, aAINSWORTH LUMBER CO. LTD. (TSX: ANS)& n; V7 ^7 m# }& i7 `6 g* m
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
$ I" w, k, ~2 T; mFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before( G' g1 ^. [0 A# I
year-end 2007 due to operating losses and reduced customer demand.7 ?4 I4 X" P e9 i) k7 t+ l I
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The High Level mill employs 150 people and produces approximately 700 million square feet Q$ @* j( c0 A3 E; i5 S! t
(3/8” basis) annually.7 I8 v+ ?5 J& f" o8 v: o
0 O8 U2 y- ^9 ]+ _% LOSB production is expected to be curtailed effective December 20th. Footner will provide
: e: S- Q" Z1 |0 Y/ z& l7 Faffected employees with severance pay and employment transition services.) s3 y+ [, I! }- S c5 A
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
2 }3 ^5 l8 s+ Q$ D. w$ zAmerican housing starts and structural panel consumption coupled with considerable3 x6 n& t$ Z# v. \: c6 ?
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
* @; o5 w; ?1 X, E% f+ }# qdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
/ H" }* `/ q6 |and taxation rates have regrettably forced us to take this action. Unfortunately, we do not) h: z0 z3 Z [
foresee any short-term improvement in either customer demand or costs.”
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; @4 |* x8 x7 k. |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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# |. j$ z! V9 \" z$ x9 F3 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。) X/ S$ X7 w- ?- ]
4 u$ u- u- Z3 o3 T. y$ x4 Y- OAinsworth的CEO最后一句话值得我们深思。 |
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