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NEWS RELEASE* Z0 A; C& Q! S& k4 |$ S; ^+ K
For Immediate Release" y- M: g$ M5 E) N
November 27, 2007
8 ?! j# P. t% |2 B; U7 J; i eAINSWORTH LUMBER CO. LTD. (TSX: ANS)
! ?! H, Q L& ]* O! ?! eAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL; T5 \1 K& ?1 ^9 Z5 h3 l5 U4 C% _
) K+ D b$ O- S+ D/ W! k0 o, \Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned$ b; q- U3 y+ m. n$ P+ _8 |
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
{: p4 J2 N- j- X7 lyear-end 2007 due to operating losses and reduced customer demand.4 q/ T% D. I0 P4 N
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The High Level mill employs 150 people and produces approximately 700 million square feet. D* k2 R q. O. ?0 c0 c7 ?$ A+ C" o9 h
(3/8” basis) annually.
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) d) @% D: U8 @2 O$ O! z9 kOSB production is expected to be curtailed effective December 20th. Footner will provide8 U9 G3 X6 x4 r4 z9 C9 ?% y
affected 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
# u# U, }% z* ^2 O1 U L' W* rAmerican housing starts and structural panel consumption coupled with considerable4 @ x* z1 ^( F5 W. ]
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
2 s. @) D& ]1 x% K. Q9 g, X/ tdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity/ O" I" H, y3 |8 U3 c* }: w9 ^
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
% U6 N2 E% g. T7 B2 Iforesee any short-term improvement in either customer demand or costs.”
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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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( ~# j8 R0 O/ ^, E8 @% P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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' F# M( X) h" n; l. R# [; LAinsworth的CEO最后一句话值得我们深思。 |
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