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NEWS RELEASE& K& U2 ~* X8 g4 s+ t& ?+ M" g2 q
For Immediate Release
' i3 z( H' I- S! Q2 B! I/ f% PNovember 27, 2007 u5 q, Q! G+ B ?
AINSWORTH LUMBER CO. LTD. (TSX: ANS)# r- Q1 r8 F; L w) \2 N
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL5 l" m' j' k- ?0 \! W9 l+ m F( n
1 l9 c7 @4 m0 s! zAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
$ q- t& h' \3 R4 k5 T0 AFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before7 s2 x( ?2 q, Z" y1 ~( `' O5 C
year-end 2007 due to operating losses and reduced customer demand." |0 [9 j! U! s+ E4 W1 s
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The High Level mill employs 150 people and produces approximately 700 million square feet
& L6 b# e% b& z(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide0 F% d D; y" ~( [# T8 x' g
affected employees with severance pay and employment transition services.8 [+ e& s; v& ?- n( y
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“The decision to indefinitely close the Footner facility reflects the severe decline in North1 Z4 i7 m; Q, N( B6 X" i
American housing starts and structural panel consumption coupled with considerable0 _* S3 ?9 E1 c I) p r
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses+ X4 J9 ~' p) p* V
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity( W* p! P( ]2 K& U9 a# ~
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not0 O0 O7 G1 {$ M# g+ p+ A+ d3 Q
foresee any short-term improvement in either customer demand or costs.”/ {! ?0 G) A7 f; [9 _8 W- [8 P
3 T* [- _' M1 g6 T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。( \- {* T+ q. l) N9 ^$ Q% `
; C) {3 ]! ^2 W9 n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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! m% v" G6 n' xAinsworth的CEO最后一句话值得我们深思。 |
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