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NEWS RELEASE
: j& L: ?$ T* s1 n; Q W k CFor Immediate Release) ~4 b, s4 Y5 e r2 U0 g% @, L0 i; N
November 27, 2007
& Y/ o2 Z7 g. q I) X: FAINSWORTH LUMBER CO. LTD. (TSX: ANS) I" k' ]4 }: A
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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! B5 d0 I. F: k# `" xAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
7 |8 b5 q: h/ n0 \7 b) HFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before& b) k. Q" U% I/ P( i6 K
year-end 2007 due to operating losses and reduced customer demand.8 O- V& L& n# J" Q2 I
+ ~# n3 h- i( ?! j8 YThe High Level mill employs 150 people and produces approximately 700 million square feet. G* H' u P' E @1 Y1 U* L% [, S
(3/8” basis) annually.
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m. x4 k3 H+ QOSB production is expected to be curtailed effective December 20th. Footner will provide
! K- u0 T3 {4 g" vaffected 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) s7 _8 |) ]5 P% l
American housing starts and structural panel consumption coupled with considerable8 L+ f O% q J6 `: }
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses" K3 v9 O) h- }* v0 C' {8 f
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
" ]& c$ o* d; Z f+ B4 v& Eand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
. J0 v* o8 ]7 V! y# L1 T. \+ Eforesee any short-term improvement in either customer demand or costs.”
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3 {! Z, ^8 g3 @, B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。8 E8 O* [! d8 v% J5 F7 D, d# `. a
6 Z, z+ i' A! ]$ xAinsworth的CEO最后一句话值得我们深思。 |
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