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NEWS RELEASE1 q9 @8 {/ Z4 t7 |* W
For Immediate Release
( ~, F4 M4 D/ e& D; F2 @+ }November 27, 2007: r4 d2 x, A" w
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
3 v- B6 g3 |" w U! E' R/ f# bAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL; Y: U! J! N0 M3 \
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
) U6 q/ }( ]5 j) s: UFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before9 d# V+ [! r& R% R" D: `3 ?
year-end 2007 due to operating losses and reduced customer demand.
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, j" M) O; D* Q5 x8 SThe High Level mill employs 150 people and produces approximately 700 million square feet q: z- ]; a" _$ C) D5 q' _( F4 I
(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide
+ f5 y# ~ C( G; R4 b/ }' Naffected employees with severance pay and employment transition services. ~/ _" H. y$ v1 e8 W: v
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
: j5 w+ V% K, H) w; b0 [ v" RAmerican housing starts and structural panel consumption coupled with considerable
3 `4 Y" C6 B2 L* @6 loperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses: v9 x' D& S, `: t/ \
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity% n! r- ]7 h0 C" ]3 N- A1 c
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
" V4 s* }& z6 o6 J0 f. H6 c- sforesee any short-term improvement in either customer demand or costs.”7 C1 X/ g/ r/ H1 X$ k0 h
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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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3 T) {8 _* j5 e# c1 z. T$ _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。3 R* X0 }- e6 E8 ?2 q) S4 L5 Q
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Ainsworth的CEO最后一句话值得我们深思。 |
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