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NEWS RELEASE! l' X1 E. @1 Y
For Immediate Release0 c( G# h& d6 G
November 27, 2007 G1 @5 Y/ H# A/ X
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
5 p# d' }: Q" F; ]AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL K/ {- A6 ~4 S3 R$ i
! T% C0 [) T2 r/ D4 _8 vAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
7 l' R# @' U# X1 J( {; A: h: h1 J$ y9 HFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
6 e: j9 @ _: kyear-end 2007 due to operating losses and reduced customer demand.- a: o5 x% B) O0 h. W
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The High Level mill employs 150 people and produces approximately 700 million square feet/ f; d2 M% n4 ]5 @3 L
(3/8” basis) annually.2 c! }# a; v, l# T4 }* A
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OSB production is expected to be curtailed effective December 20th. Footner will provide
! }: y: [' s. [/ |' M% eaffected 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 North* Q9 V5 U% k+ c* Y* A9 U. v* l
American housing starts and structural panel consumption coupled with considerable4 @' r$ H- Q# D# h
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
& _+ b- u8 I' R8 _& qdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
8 @' H+ ?# d: o- xand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
! u8 E* E/ z/ I$ hforesee any short-term improvement in either customer demand or costs.”
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. V* p$ w5 R7 m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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0 W. ~/ X5 B! @! Q- ?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。# ]" E; N7 k4 X6 Q! I2 R: C
i; T+ p0 B3 T3 e+ t3 Y7 `9 CAinsworth的CEO最后一句话值得我们深思。 |
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