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NEWS RELEASE
% d& F* P) L0 o/ iFor Immediate Release
9 N# u$ j1 P* K$ H4 cNovember 27, 2007- C5 r+ a% N* g( p
AINSWORTH LUMBER CO. LTD. (TSX: ANS)3 b0 t& a8 [/ V( G" h
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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/ ], |9 X/ Y& D0 c2 d. KAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
- ?: k, k1 X. @$ X! |Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
7 r6 l7 }3 b. |$ Tyear-end 2007 due to operating losses and reduced customer demand.$ ~% J6 l6 [ s' ]- k
% n* ^4 P2 X: L& M/ u0 i$ N, o$ GThe High Level mill employs 150 people and produces approximately 700 million square feet
6 X" v {5 y. Z7 }(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide
c5 |% H5 ~- G3 n! N9 jaffected employees with severance pay and employment transition services.) V5 w/ a8 o# D' Z+ R- V& Z
) T( E: q; [1 L7 |- G0 D“The decision to indefinitely close the Footner facility reflects the severe decline in North
g) E. T7 J6 J# f" d _American housing starts and structural panel consumption coupled with considerable% \+ F+ v( f3 a2 ]
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
8 u2 l/ L( u' {" hdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity. t' `) h2 A- P2 M8 |7 T
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not9 H) }! I; t2 j" g l8 g
foresee any short-term improvement in either customer demand or costs.”
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. D* r9 r5 W$ w6 m# ~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 w$ e- {$ ]. F. G6 i# w4 [
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Ainsworth的CEO最后一句话值得我们深思。 |
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