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NEWS RELEASE3 J" R8 l9 v y# w9 n8 q9 L! ?
For Immediate Release
/ ?! U+ i) q0 m: `# R0 C) ENovember 27, 2007" W% `# O" D- C H. C
AINSWORTH LUMBER CO. LTD. (TSX: ANS)6 e. q, f" a% ~; e
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
0 i- x5 z9 ]/ ^. U/ N$ HFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before1 u8 |% A- @6 Q, ^# {
year-end 2007 due to operating losses and reduced customer demand.. ~/ T) ~$ c# n. c7 J* d$ ~1 c
( c# \! }' H0 p7 }The High Level mill employs 150 people and produces approximately 700 million square feet% G& E2 A. D4 W; e/ A
(3/8” basis) annually.) Z$ X) |, p+ m1 q4 y, v
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OSB production is expected to be curtailed effective December 20th. Footner will provide: T8 r3 r% E& C0 S# E8 u+ a
affected employees with severance pay and employment transition services.
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s: Y' Y0 \) P“The decision to indefinitely close the Footner facility reflects the severe decline in North! I" f ^5 A) ?: M4 o1 f
American housing starts and structural panel consumption coupled with considerable" Y& N! O* U$ ^ _3 K
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses ` `7 o2 _5 e' p
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
" n8 v9 d( x9 V! o: s8 `5 H# pand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
3 x" q' _% t7 q0 U- E I [foresee any short-term improvement in either customer demand or costs.”: Y" B8 @2 `! t* f7 @6 m! ]
5 W5 I5 @1 r0 n f# G' 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。1 M p H: T4 t8 C1 g; N4 V m: ?/ b
8 G. P; I, d. G1 n e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。' ]+ O* K( R- H) X
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Ainsworth的CEO最后一句话值得我们深思。 |
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