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NEWS RELEASE4 W4 J* O: q6 E2 \7 p) @
For Immediate Release1 t- y, f/ j! ], n
November 27, 2007+ v6 k8 |' ~( w( \! w
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
& b& C2 C; O* z$ Q7 w3 z! zAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL7 z8 q: ^1 l) D- R
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned3 l/ \$ j: t# K, G4 G
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before& G4 C' R. Y1 L2 y1 O
year-end 2007 due to operating losses and reduced customer demand.
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8 G2 y! M( f5 E# n* ~( xThe High Level mill employs 150 people and produces approximately 700 million square feet
6 P) g3 u! F+ e" s# x0 J/ C8 ^(3/8” basis) annually.
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$ z: w3 U9 a& X5 O/ GOSB production is expected to be curtailed effective December 20th. Footner will provide5 Z/ u/ r% `& r# \- n9 Z$ Q& o
affected employees with severance pay and employment transition services.2 f! t1 p3 R0 F1 U) I* x
' x9 G, y2 _2 o$ D; l6 J5 g“The decision to indefinitely close the Footner facility reflects the severe decline in North6 ~3 y1 E3 S! s2 q5 u0 C
American housing starts and structural panel consumption coupled with considerable
: c- u+ @$ c* z8 E% e% aoperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
3 R, s' \, ?+ `) e0 ^: C( k* W6 Idue to the stronger Canadian dollar, high freight costs to key markets, and local electricity. W) U/ I6 J3 J& s8 g- u3 z
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
@" E2 p3 |% M8 k' Qforesee any short-term improvement in either customer demand or costs.”
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" x+ X$ l( C! m; q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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0 F- T& H$ c! a; _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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8 O0 j& d* ?3 _. _- [Ainsworth的CEO最后一句话值得我们深思。 |
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