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NEWS RELEASE
/ V% D7 o7 V& z' @For Immediate Release
- U" b4 D4 W: l# N2 B- t1 ]November 27, 2007/ ]! m0 ^* V/ t4 S3 `2 |, L( V
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
* |/ p/ x4 H; Y- J% |AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned: i" i8 b/ v% G# b$ b* F9 i$ x
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
: g! i u1 s Myear-end 2007 due to operating losses and reduced customer demand. T0 D" z8 d2 K
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The High Level mill employs 150 people and produces approximately 700 million square feet
1 ?4 Q5 M& H" `' [(3/8” basis) annually.
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: O% e8 x: \/ M% g$ L BOSB production is expected to be curtailed effective December 20th. Footner will provide
5 q. S8 k% @' ~+ [3 y$ uaffected 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
! E2 Q# Q" N/ |" F( d# [American housing starts and structural panel consumption coupled with considerable( Q n f; q f7 w' P% p' x
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
& o8 f( C# v0 S V- r. L- }. {due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
6 i3 _, u4 X% _" n, `+ I0 h; Tand taxation rates have regrettably forced us to take this action. Unfortunately, we do not# \0 w' A/ F. l% O( o% W" A' L
foresee any short-term improvement in either customer demand or costs.”
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9 @9 @/ n% A# N3 }2 Q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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! n( G6 G/ K5 o$ N# h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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$ y- R8 J L8 h, c, G" C5 F1 N7 |Ainsworth的CEO最后一句话值得我们深思。 |
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