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NEWS RELEASE7 ~$ i E- E7 F. `1 f
For Immediate Release
: A& ~3 N7 _, q1 R' m3 C" `November 27, 2007& ?( B* G: C7 F" g
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
) T% {. T: f- _! V5 h/ m" f$ D; rAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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# ^$ s# e% s9 W4 f1 T, gAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned" `8 Y/ A4 B4 o) ~- x1 }+ E% D1 }6 O
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before. c5 Y( a2 }3 S1 d4 N; @0 A* B
year-end 2007 due to operating losses and reduced customer demand.
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2 D2 F# L" N+ X$ _5 t" C6 M+ b- c! ~The High Level mill employs 150 people and produces approximately 700 million square feet2 }& O! z% k6 h/ U. V9 z4 z
(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide5 }9 S8 o) @0 {; T* y
affected employees with severance pay and employment transition services.; V, C6 O! s: _0 n2 e' U9 R0 X
- a y" [6 ~" {“The decision to indefinitely close the Footner facility reflects the severe decline in North) M6 c# ?7 r" Y/ k6 q+ S
American housing starts and structural panel consumption coupled with considerable+ P8 F2 p7 g7 j: e- I, f
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
, L) h! S# l+ `) Xdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity. \" A" d) H+ B6 T
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not g! N/ r: {. p1 R% o7 b1 i( b
foresee any short-term improvement in either customer demand or costs.”
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0 w) K* w4 `2 u# w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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- N6 L; O" N) ?, i: P- o- f( q/ x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。" D3 a/ f1 \% C) j
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Ainsworth的CEO最后一句话值得我们深思。 |
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