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NEWS RELEASE
* ?, T# ^8 z W( FFor Immediate Release
5 Y" u; W( R# _3 T' O0 l$ S+ ?/ _November 27, 2007
9 X% z' e7 O. W' b( o& Y( Q, LAINSWORTH LUMBER CO. LTD. (TSX: ANS)
- `4 X3 A" j* x* uAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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1 H' g1 C2 D$ g8 ^3 hAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
9 ~2 K; N* I/ r; ]+ l# aFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before5 b4 p2 C( J; p( c y* u
year-end 2007 due to operating losses and reduced customer demand.
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8 o. G/ E- q( |The High Level mill employs 150 people and produces approximately 700 million square feet& J, e" v- C0 e6 V) A
(3/8” basis) annually.
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4 \0 T: ?! M# G; ?) Q, d7 G# ZOSB production is expected to be curtailed effective December 20th. Footner will provide
3 I' [3 M- G2 t) W1 k7 zaffected employees with severance pay and employment transition services.! ~7 o( b6 n0 g; X* U
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“The decision to indefinitely close the Footner facility reflects the severe decline in North8 Z+ i6 b+ v' D/ ^, \3 K" Y
American housing starts and structural panel consumption coupled with considerable
, t( h, a% s9 K% t: ]9 A( `' Joperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses* l2 u; i4 z6 a- k' p
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity# \( ~# F5 x* p8 P! i S
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not1 U+ `3 d2 l x- Z6 C* }' I! F
foresee any short-term improvement in either customer demand or costs.”
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0 \; x, M+ T o% f- ]/ J# X1 R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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7 s9 q8 c# M# B: w4 |Ainsworth的CEO最后一句话值得我们深思。 |
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