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NEWS RELEASE
* Z& t4 m! L0 N/ N* B9 {7 xFor Immediate Release
' B1 z2 K9 p7 O; H7 \November 27, 2007
c5 ~# H: ~; `: L* J& jAINSWORTH LUMBER CO. LTD. (TSX: ANS) h) x1 F" e# K: G5 j+ Q& h" C
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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4 F( O* D- j7 ZAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned0 v4 H/ X! M" p. | ~9 I1 G
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before, O3 ^" ~ \2 ?: F7 p, Y9 ^ h2 G
year-end 2007 due to operating losses and reduced customer demand.' z% \# k% A+ N) I/ i- t9 i
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The High Level mill employs 150 people and produces approximately 700 million square feet
. o* Z- I9 D1 U1 Z) \) F2 K( L(3/8” basis) annually.( u/ f: H/ A v# Z( e" w( J
% u: G+ c4 D$ V4 h0 h& F0 uOSB production is expected to be curtailed effective December 20th. Footner will provide
+ l$ C T9 M3 X9 faffected employees with severance pay and employment transition services. [6 Z5 F6 n- W: `' ?
2 z7 C- J$ Y- y* J“The decision to indefinitely close the Footner facility reflects the severe decline in North
. v! C4 L1 S! W7 M. k' UAmerican housing starts and structural panel consumption coupled with considerable
$ q' X, ~, Z& H6 ]operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
- J. v" V$ N$ q: x5 X8 k9 `6 mdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
4 H& Z, u7 O. q0 l' ~( H2 Cand taxation rates have regrettably forced us to take this action. Unfortunately, we do not# n, w& w, r1 N2 X9 C/ B4 d
foresee any short-term improvement in either customer demand or costs.”
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4 e$ H, p% o( x }' g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。* `4 f% f4 ]' x/ t# O! u
, m5 U! {; L3 V+ k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。8 R. E k5 S0 V5 `3 f: l7 N
+ V3 G5 k. P$ Z3 j: h( WAinsworth的CEO最后一句话值得我们深思。 |
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