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NEWS RELEASE
) X* j# j9 C6 x# `, TFor Immediate Release
3 q1 O( M6 |6 \( ^/ V! N. _: QNovember 27, 2007
: N7 F# r3 o$ {/ {AINSWORTH LUMBER CO. LTD. (TSX: ANS)
) h$ ~. O: P, O" U8 N" X; GAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL5 d7 M0 @% ]9 d0 d! ?+ Y
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned9 v3 e: x# E: B& } j4 Z
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before- j, A' E8 l; P$ S2 f% L
year-end 2007 due to operating losses and reduced customer demand.: [* X% ?4 _% f, h9 w- I
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The High Level mill employs 150 people and produces approximately 700 million square feet6 G/ `2 E: G# b0 Z
(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide
9 G& i; E+ n6 I4 b6 I. J xaffected employees with severance pay and employment transition services.
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“The decision to indefinitely close the Footner facility reflects the severe decline in North9 s/ O: L1 J- O- b3 g3 J8 k
American housing starts and structural panel consumption coupled with considerable
' m1 f5 G6 p u( e- j3 \operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
; I: B% g7 ^* odue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
- H% c) A7 M% u1 Z3 Oand taxation rates have regrettably forced us to take this action. Unfortunately, we do not. e+ K3 J- t: ^8 r" T+ R
foresee any short-term improvement in either customer demand or costs.”
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- T$ d! b. p/ W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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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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0 B% c' @; L, ^! n# n+ ?- SAinsworth的CEO最后一句话值得我们深思。 |
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