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NEWS RELEASE: _7 ?# e+ }$ c& \8 g
For Immediate Release
3 {/ X; S- s3 n0 bNovember 27, 2007
, \8 Z; o. ` k8 U0 u! l* w7 fAINSWORTH LUMBER CO. LTD. (TSX: ANS)' b; N7 O. y' o1 w8 k
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL$ E6 s7 d t1 n4 t
" E3 o5 a/ L% m. fAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned3 o; d5 [. i' d7 o
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
, b+ J0 _+ z3 ]9 A( \year-end 2007 due to operating losses and reduced customer demand. F: X1 @( }7 T: |: {; I
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The High Level mill employs 150 people and produces approximately 700 million square feet' V6 A+ T0 X5 ?$ L/ ?5 ~
(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide
# S% G9 w3 W& \7 |( Jaffected employees with severance pay and employment transition services.) l7 L4 L% k8 h- s7 _2 j! {; i* o
' O$ c, b! n! p; S" \“The decision to indefinitely close the Footner facility reflects the severe decline in North8 o2 n# `# q3 N* Z% b
American housing starts and structural panel consumption coupled with considerable
|/ R- T q+ m0 s, r; Z7 I/ Woperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
; P$ r% ?6 q7 F/ [+ o. B% Vdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity- L" Q! Q( k. Z% q- j- }
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
; q$ V. p( ?2 u6 U3 Iforesee any short-term improvement in either customer demand or costs.”" A$ w( w, M- M+ ^
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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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0 y& O9 v4 K) o5 e+ Q- `" m1 k; p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。4 _$ E& E% j, N. L# |
& T4 Z0 u5 q; ~+ P1 JAinsworth的CEO最后一句话值得我们深思。 |
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