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NEWS RELEASE$ o A( i( A% n* J( ?; O, s% g
For Immediate Release0 z/ Z9 `8 w2 K7 T4 ?5 D
November 27, 2007* z% ^; i |7 q5 Y7 d
AINSWORTH LUMBER CO. LTD. (TSX: ANS)" R! A/ F8 A# t
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL! Q3 B; K7 g) O" c6 O( f+ x
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
" `, q# I$ ]5 l8 |: b+ _0 FFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before; w* f/ @2 i; x) c
year-end 2007 due to operating losses and reduced customer demand.
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The High Level mill employs 150 people and produces approximately 700 million square feet
+ v: w1 R2 [7 E w(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide
$ C8 w" E4 P/ [& l. Q# j( ~affected employees with severance pay and employment transition services.
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1 K- \0 d6 [: J8 J“The decision to indefinitely close the Footner facility reflects the severe decline in North
) v6 M0 \, d6 l( r9 j- vAmerican housing starts and structural panel consumption coupled with considerable5 l! E; [4 }+ D9 P6 ]+ U8 ]( n
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses% n$ E `* i! Y5 i/ M: C% b
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity( w( ^5 _; [1 I, H; k; q8 u
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
( H, B* B4 q$ N2 u/ V# c6 m6 A0 ?foresee any short-term improvement in either customer demand or costs.”8 z$ _! l1 G( f- V0 o
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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。6 `+ i! E! |! t0 @) v- t# |
1 R4 J8 v' r9 J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。" ]. i% Z/ b% p% p1 n
) I& k( X% j& y% C8 Q3 eAinsworth的CEO最后一句话值得我们深思。 |
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