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NEWS RELEASE
m( X. R$ o( ]. i0 f6 bFor Immediate Release+ i x E) l" F" U
November 27, 2007
# ]& ?( K- k7 B) M: @AINSWORTH LUMBER CO. LTD. (TSX: ANS)/ V. Z6 Y: P, u" n
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL w6 P8 D# z" Q3 k& ~$ M
# z; L# c a5 \/ B/ \ ]% sAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned! p4 y9 \+ u$ L% w/ K* G
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
K* q% X, Q3 q/ N% vyear-end 2007 due to operating losses and reduced customer demand.2 e* _* H5 H' X( F9 s. v! P
1 Y# R% p0 o+ U, k0 JThe High Level mill employs 150 people and produces approximately 700 million square feet
1 X& r( X" J" Q3 j: p, N8 f(3/8” basis) annually.2 [. v8 a8 L7 M8 `
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OSB production is expected to be curtailed effective December 20th. Footner will provide
- v/ m* Y8 P: r0 [" L" P* I0 paffected employees with severance pay and employment transition services.
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0 _( k3 k8 ~- J; A" H9 Q. g“The decision to indefinitely close the Footner facility reflects the severe decline in North1 `( z8 w2 c6 V
American housing starts and structural panel consumption coupled with considerable
/ g$ } N( v3 D E' U) {# ~operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses6 g/ R8 H) c0 L Q$ ~" d
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity) L7 v8 L" J1 \, x4 F
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
" t: W; E* L+ m# dforesee any short-term improvement in either customer demand or costs.”$ u2 r. w) @, F; F0 x) `3 H6 \
- a& [& H' Z1 P0 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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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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