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NEWS RELEASE
; ^8 y* P" b* R0 W% y! wFor Immediate Release5 e1 _% L+ d! m6 l8 q
November 27, 2007
[7 T& I8 E- u0 ]) ~AINSWORTH LUMBER CO. LTD. (TSX: ANS)' r, P. r) I1 R8 m/ Y( ?/ }6 b
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL: h5 _! S" Q; N2 Y
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned% O" l a! J5 R
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
) T* @/ |4 b& a: P7 ~0 Nyear-end 2007 due to operating losses and reduced customer demand.
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The High Level mill employs 150 people and produces approximately 700 million square feet
5 M! F2 I- @, s/ W4 y(3/8” basis) annually.% T: h3 o. U f/ O8 i7 N( z
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OSB production is expected to be curtailed effective December 20th. Footner will provide& T- g2 {7 p/ I
affected employees with severance pay and employment transition services.! d4 w7 c2 B o$ A7 c% |/ }
4 P) [. i Z1 e, v“The decision to indefinitely close the Footner facility reflects the severe decline in North% X* y8 m/ z: c
American housing starts and structural panel consumption coupled with considerable
2 R) `3 ^5 ^: z, p; r! h0 Aoperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses( o# w2 ~$ \" |
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
3 j) T* v' K# L& T$ eand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
( S# A+ \% N9 B( Q Mforesee any short-term improvement in either customer demand or costs.”$ e) g- x; E7 R# X$ ~: P/ S
3 m. e# N% d; x: V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。1 K. z2 _% h# F% ?# r* i
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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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Ainsworth的CEO最后一句话值得我们深思。 |
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