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NEWS RELEASE3 q6 Z: ?+ N! X: Y. i
For Immediate Release
- ?+ j( ?& X0 nNovember 27, 2007# m4 y4 @# a& c% n
AINSWORTH LUMBER CO. LTD. (TSX: ANS)% ^: F% Z3 o1 ?" K0 \8 Q
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL3 ^# T4 C' ]$ T p
% i+ R0 K) K; a8 U1 j+ RAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
( ]9 `) h* m L7 G. rFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before# O6 q# j% k2 C+ t9 q5 b
year-end 2007 due to operating losses and reduced customer demand.% D, t4 f6 D( S( Q
1 ^* \& g1 @5 ^! m8 gThe High Level mill employs 150 people and produces approximately 700 million square feet3 g2 `8 a* e& z$ O
(3/8” basis) annually./ {9 p' [: c; K$ y" D+ o( H8 w
( Y9 x! ^& _* I% tOSB production is expected to be curtailed effective December 20th. Footner will provide
' e P% H# j2 U7 _: T' raffected employees with severance pay and employment transition services.
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5 i: P5 K! k" d% ^: R0 X“The decision to indefinitely close the Footner facility reflects the severe decline in North
. N6 m4 j2 z* {) J" i( I2 iAmerican housing starts and structural panel consumption coupled with considerable
" W8 b: ^, O1 u: w+ M# qoperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses5 h4 u7 p' D0 {" z9 }7 p) J
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
* K- c2 B; ~; t0 E2 N: ~/ } {and taxation rates have regrettably forced us to take this action. Unfortunately, we do not) I6 T1 o# g6 X
foresee any short-term improvement in either customer demand or costs.”1 T% t7 o. {3 F
: v; C3 K7 `7 ^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。8 ]1 ]3 E# d8 } m& {- Y
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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。7 d b9 ?( |; _+ h5 B9 F) ?& @" [
2 ?% z% N( O$ eAinsworth的CEO最后一句话值得我们深思。 |
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