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NEWS RELEASE
! {# O6 j# @) `For Immediate Release
+ f$ F# E) [) R. W7 H$ |( BNovember 27, 2007
! A7 G$ l7 I$ Y9 ^8 l# aAINSWORTH LUMBER CO. LTD. (TSX: ANS)
# d' N1 E1 U/ X. w. r8 r( k; ~AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL+ ~' d7 S" Q m3 o* ~
/ ]% A) w* L0 w: bAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
n4 c4 I8 d. B5 O5 uFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
# r# K; O8 @* y9 }3 R" k Eyear-end 2007 due to operating losses and reduced customer demand.: o- }! E4 S' q& ^% k
5 [7 P% F! B% RThe High Level mill employs 150 people and produces approximately 700 million square feet
1 }- H; C: I$ w(3/8” basis) annually.% {( f& ?3 }/ G) b: X I: C1 o
; N' V; g% z' } L6 IOSB production is expected to be curtailed effective December 20th. Footner will provide# b% M. a: I( W h1 d) L
affected employees with severance pay and employment transition services.* }' t: {* m5 y$ Y
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“The decision to indefinitely close the Footner facility reflects the severe decline in North5 j% A+ ?2 l/ }- i2 \/ W
American housing starts and structural panel consumption coupled with considerable
6 x5 Y8 e0 C" K ]) P1 loperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
' g/ v9 `/ y7 p! M ]! d2 e9 Vdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
) @3 L3 X* O0 h$ `' L: J* I( Z0 V, Gand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
; K* T V, I; T6 @: l1 xforesee any short-term improvement in either customer demand or costs.”
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# U: q) B. Y5 T% U6 N5 E% P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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+ N& X. I1 R7 }% p% z% ?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。2 D6 y& N7 O- j, U! @9 S+ }. Z
# }0 E$ |* y. l. w' J$ U& m% fAinsworth的CEO最后一句话值得我们深思。 |
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