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NEWS RELEASE8 ^ a- q/ E. q
For Immediate Release) L3 J* z7 |( }! `1 f/ M- p) A
November 27, 20070 u# E! }) ^2 T8 Z. o2 K
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
2 V6 _8 L2 t/ L! J) t$ @' jAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL( H4 V- x: Z$ O; A F4 W& I4 B
- V. K+ n& [% T9 C, Y/ a& ]Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned5 a+ V) Y0 K& T( j( F* g
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
+ x# W+ ^! v* {6 C7 p. \$ s0 dyear-end 2007 due to operating losses and reduced customer demand. K% i% @* c, b: x/ v2 A
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The High Level mill employs 150 people and produces approximately 700 million square feet! i/ g3 @1 Q& M2 `7 C, h
(3/8” basis) annually.
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% C! d; @4 Z8 f- D1 H) ^OSB production is expected to be curtailed effective December 20th. Footner will provide
5 c4 H3 a: _2 r4 uaffected employees with severance pay and employment transition services.
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5 y5 c) w; H$ o4 {8 e6 `6 d“The decision to indefinitely close the Footner facility reflects the severe decline in North- c" }% u% H" R* L1 v) o6 N+ E0 s
American housing starts and structural panel consumption coupled with considerable
+ _/ ~. f; n! T& y8 E- z: Poperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses9 ^% I) J, Y* G5 j5 q
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity9 C) a f$ j. g [+ w
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
" _3 U r* b# N7 J% H0 @foresee any short-term improvement in either customer demand or costs.”
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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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2 H* Y! \ `3 f$ O* r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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Ainsworth的CEO最后一句话值得我们深思。 |
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