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NEWS RELEASE
) }7 y" v- _' [- ^For Immediate Release
e) y- W5 Y7 T( `# nNovember 27, 2007
6 r9 a$ F& A- k/ [5 H- K" bAINSWORTH LUMBER CO. LTD. (TSX: ANS)3 |2 m. f1 |& R. u! ?; m
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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3 k0 P+ m8 C6 l8 q" z# ~! A8 nAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
0 Z, N2 K* U' U; G' c% P4 r% p/ tFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
5 _9 w5 Y: l7 A# S1 u/ byear-end 2007 due to operating losses and reduced customer demand.# _5 F" C0 |8 ?) m) ~& G( P' h
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The High Level mill employs 150 people and produces approximately 700 million square feet
- E4 b3 k1 a& _" a, `6 M5 b" J) p(3/8” basis) annually.: @1 J+ M- [2 |" L5 {6 [- i4 V
" R# g K: c Y% m) @# _# TOSB production is expected to be curtailed effective December 20th. Footner will provide, Q6 [1 U/ A) X0 y3 a M
affected employees with severance pay and employment transition services.( |5 J5 ?& F; O9 Z
+ ]$ V2 i* E; @“The decision to indefinitely close the Footner facility reflects the severe decline in North
- Z D* \0 f( G2 D% ~+ c1 c! EAmerican housing starts and structural panel consumption coupled with considerable
; J1 A) X5 z: p0 s7 o. x& L, Z( Soperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
2 B& ?& f0 H( edue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
1 V* R4 y( T0 X Uand taxation rates have regrettably forced us to take this action. Unfortunately, we do not+ d" t8 p; }; W" S* A, _
foresee any short-term improvement in either customer demand or costs.”$ I4 d7 }+ u" q- q1 d
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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。( m3 u6 C B, ~1 P) a
# P2 b7 v: K+ e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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; z/ n" {/ K2 C3 U/ C8 D( j- ^Ainsworth的CEO最后一句话值得我们深思。 |
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