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NEWS RELEASE
, f6 U4 R: F1 B) YFor Immediate Release5 d: q& Q, N/ _3 r
November 27, 20071 |" o3 o4 D# |6 X
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
* B* n! T; P' ?9 g: E+ tAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL3 m, x% z4 H% E C9 |
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
) ?0 @8 v0 a. R$ W3 v# bFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
+ ?" \9 \: j# N- z. J* ^( zyear-end 2007 due to operating losses and reduced customer demand. J& q, y( o' w. K: `- {
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The High Level mill employs 150 people and produces approximately 700 million square feet
5 z+ @, c) G9 @- o" F Z7 l(3/8” basis) annually./ E; C1 U1 u( l) S
9 J' Y; ^3 ~0 d: |# MOSB production is expected to be curtailed effective December 20th. Footner will provide
' ?' o% Q% h2 H& t4 V8 D7 Faffected employees with severance pay and employment transition services.9 f/ I5 d# r# g: V) I+ X
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“The decision to indefinitely close the Footner facility reflects the severe decline in North1 @ B, X' ?; W- N- Q3 b
American housing starts and structural panel consumption coupled with considerable
7 z. e2 h. @$ D/ L4 X- l X, ioperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
) S( T; T/ C& e$ F5 [due to the stronger Canadian dollar, high freight costs to key markets, and local electricity$ x2 ?5 ?# h2 ~/ B5 C) W
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
! s, h0 E3 z# P# k+ B. dforesee any short-term improvement in either customer demand or costs.”+ N2 j4 x+ h3 o- \; T- u
8 }7 c& @6 a3 j' r5 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。4 A) Y4 ?& C1 f$ ?
- G, o5 J$ p4 o, p6 w# l4 l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。- e6 H) A2 T A q' z2 ]* G
3 [9 L; Q) E8 @2 i* I* DAinsworth的CEO最后一句话值得我们深思。 |
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