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NEWS RELEASE
2 n% w: n& I. `1 PFor Immediate Release% {/ m* z; v4 E" e: C3 i2 b" w, A1 t
November 27, 2007
+ {) I9 V$ A( }; h: o3 kAINSWORTH LUMBER CO. LTD. (TSX: ANS)
; R1 u3 c; I3 Q0 L9 [AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL* x7 l7 {# N" F, m
7 l0 o$ f$ Y% Q% e: L. kAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
* N2 R8 `% j0 O! ^% t6 |6 u4 J3 EFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before s- F8 V4 Q: q
year-end 2007 due to operating losses and reduced customer demand.: H0 H6 b% K/ m; S- ?8 D
$ u6 S. N& e& k8 s4 N: `, uThe High Level mill employs 150 people and produces approximately 700 million square feet
0 r% R* q+ r9 G( z! c(3/8” basis) annually." @+ @. v8 s; S$ x% J) e& t
! J- K6 T \1 ]( K" }8 v4 eOSB production is expected to be curtailed effective December 20th. Footner will provide
L9 M- l6 [! R |9 M; }affected employees with severance pay and employment transition services.
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) k4 [ L9 g) |4 Y8 X“The decision to indefinitely close the Footner facility reflects the severe decline in North
. n4 G; @* }8 T* xAmerican housing starts and structural panel consumption coupled with considerable1 l; j/ q" {& U0 Q$ w
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses8 ~* v: W- ^" `/ R1 g7 i) e
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity6 F- I0 J k" p: z0 v) j3 C9 N
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not, h R' ^- g" i
foresee any short-term improvement in either customer demand or costs.”
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8 N' e" Z/ u0 ^% [% E# k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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! P; k% q- F7 ^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。9 b" f3 [, v' D2 p
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Ainsworth的CEO最后一句话值得我们深思。 |
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