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NEWS RELEASE
' L. P; }0 ]) {+ Y2 i1 Q7 yFor Immediate Release
1 j6 r1 S: d/ E u4 iNovember 27, 2007$ H2 `) V! `7 i) t8 d
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
( J/ e* J( t2 f' m |' L* @( ~AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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: E, q. [ p% Y: gAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned2 ^! G+ p7 l/ `- Q5 `
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
/ X1 y) ^" G3 i7 ~; |$ f% _" @7 Dyear-end 2007 due to operating losses and reduced customer demand.: r2 f- k# o6 c# z7 p' u1 G, Q! j
! }9 x6 o: d7 u7 qThe High Level mill employs 150 people and produces approximately 700 million square feet6 K5 H& k$ h/ i/ d% B
(3/8” basis) annually.( N0 P2 |3 u" K9 P* i
+ L- q1 }& R$ ?3 g2 k0 X! f _* r6 @OSB production is expected to be curtailed effective December 20th. Footner will provide
' D7 M. D3 p# f+ [affected 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
+ D! [* l4 c+ z" P9 jAmerican housing starts and structural panel consumption coupled with considerable1 l0 ~' b9 T0 p6 r
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses2 n2 a) `8 t5 J
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity7 i3 J! L7 n: O$ j6 P5 O
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not* s h8 {4 Q6 H$ _
foresee any short-term improvement in either customer demand or costs.”9 M2 ^& q7 V$ F( C6 q6 R
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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。/ j8 Z4 B4 r: ~6 C
: @- }0 [4 S& p$ _, M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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