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NEWS RELEASE
+ V9 d N7 A, B9 g" CFor Immediate Release
. v0 b; U6 i* K1 Q$ t& ENovember 27, 2007
7 Z& R4 D* ?0 L m- g& Q# cAINSWORTH LUMBER CO. LTD. (TSX: ANS)9 u. R$ I5 p2 l0 ^
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned0 ~* x6 r5 q; n' `/ }
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before' V6 |2 t8 w$ B8 _# y: {+ ^# L
year-end 2007 due to operating losses and reduced customer demand.
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0 h2 D; }& ?% L+ o% TThe High Level mill employs 150 people and produces approximately 700 million square feet* }+ |8 p6 u0 _& j4 k2 `5 h
(3/8” basis) annually.- j8 E7 T. m1 R0 u7 Y& l0 `+ C
8 a* ^7 R% l5 K, v5 q* |( ROSB production is expected to be curtailed effective December 20th. Footner will provide
; c8 H- ^ z6 N1 @& Raffected employees with severance pay and employment transition services.' ]4 y: i O2 v
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
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operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses: W9 m6 f6 {9 s* `% d- F% b! Q
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
- X) A( t5 }. v! @& Land taxation rates have regrettably forced us to take this action. Unfortunately, we do not
1 G8 R( |( J' T; hforesee any short-term improvement in either customer demand or costs.”2 y0 u5 L1 |5 J4 R
% R* [% X9 }/ `6 z9 j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。0 N5 H9 d- p( I# V
2 {! z) O$ v: t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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5 o9 T4 H' D' G3 ~% CAinsworth的CEO最后一句话值得我们深思。 |
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