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NEWS RELEASE
) E, }8 I. a! L/ i: V, R0 E' OFor Immediate Release
9 F, W9 A( m% L/ _4 h7 GNovember 27, 2007
, U# G' [1 h! R* q: q2 _2 lAINSWORTH LUMBER CO. LTD. (TSX: ANS)6 R( Z( E0 c' a
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL% w& Y& L8 H2 k" f+ K; ^& K4 v3 R
! U& J% c* o) a. Z2 l" w* Q0 iAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned6 u! u8 k8 Y" X- d" W
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before& ^2 x* x) Q( O0 |9 D- k4 J# a
year-end 2007 due to operating losses and reduced customer demand.+ I _' R) }2 J/ n. f5 Q
1 u5 G$ E6 i3 \The High Level mill employs 150 people and produces approximately 700 million square feet
6 }2 K" K5 M1 o J) o) F4 c' k(3/8” basis) annually.+ V, s- W+ f8 a/ \
+ n$ C7 ?, i" ]4 MOSB production is expected to be curtailed effective December 20th. Footner will provide6 ]3 T* n& ?' {; ^) D
affected employees with severance pay and employment transition services.# ]) G3 i1 M4 e# ~0 s. y
- ^) P' O+ \/ h/ p“The decision to indefinitely close the Footner facility reflects the severe decline in North7 u1 r8 h# K$ D
American housing starts and structural panel consumption coupled with considerable0 q* @& r: K0 L6 W( v- @( V5 Q
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses4 j+ C" L1 D% o3 w, S+ z8 `/ I
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity& d9 `1 _ n" K: T! W2 d8 B+ C) L% i4 h
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
8 i/ N% A8 _3 D6 z1 cforesee any short-term improvement in either customer demand or costs.”# H8 q/ U( G9 s! H9 E4 g' h" F
2 i" W: l% r# [* d2 O0 e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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% O" A& q( L8 w. f! y/ R' s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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; R2 p9 h0 Q# \9 q7 K! U9 QAinsworth的CEO最后一句话值得我们深思。 |
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