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NEWS RELEASE' c& s i0 R. L6 a: x3 ~- i
For Immediate Release* a [. r# i4 {. k& j0 w
November 27, 2007# E+ p2 a* d1 o' j/ F; y. A
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
. K H- y2 ~6 h( P8 [7 B7 zAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL7 z: k; \4 a2 n: Y3 f, O+ A: E. ]) a7 k
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned+ \2 Q9 g1 i/ |; t( q- z- Y. Q
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before3 V& {$ W5 u2 w9 R1 f9 V
year-end 2007 due to operating losses and reduced customer demand.- K3 ?% o! R1 c7 m2 Q4 `
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The High Level mill employs 150 people and produces approximately 700 million square feet2 c# V) a* H6 F" D: ]& k
(3/8” basis) annually.8 q; w* B# F) W- l' K
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OSB production is expected to be curtailed effective December 20th. Footner will provide
5 @2 j: ~! J+ a! ~8 [affected employees with severance pay and employment transition services.
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, x: U3 B9 D$ @) V“The decision to indefinitely close the Footner facility reflects the severe decline in North
" T6 ^* G+ I4 F& q' OAmerican housing starts and structural panel consumption coupled with considerable
4 e N9 w' o9 H2 m1 f% Soperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
1 L" y- u1 D+ s0 d1 X. idue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
. ]) G1 ]$ f/ }+ u) O0 mand taxation rates have regrettably forced us to take this action. Unfortunately, we do not! M% S# p5 Y) e' ?) N; x2 F
foresee any short-term improvement in either customer demand or costs.”" F( y& t# A$ \$ k* r# M/ z
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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。
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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。
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' V: V# Q h, a0 yAinsworth的CEO最后一句话值得我们深思。 |
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