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NEWS RELEASE
( O# q7 @+ m" }0 T P; F3 oFor Immediate Release; q; O+ `; Q0 h B |
November 27, 20071 o6 h% v* {/ n- y. B$ F8 o
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
$ n! w8 ~4 b$ ]/ WAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL" r# j" v# k- u. k7 w
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
F8 m9 f, i, h" b5 k" U8 PFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before/ @# `) n8 y* i1 w' b9 {
year-end 2007 due to operating losses and reduced customer demand.$ G* ^9 p' |* }% B1 D% X6 i
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The High Level mill employs 150 people and produces approximately 700 million square feet) q! A1 N8 L1 [9 _" _& P# A0 k1 J
(3/8” basis) annually.8 h$ h; C. m" b/ p
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OSB production is expected to be curtailed effective December 20th. Footner will provide }- l- C9 G7 B# d) `
affected employees with severance pay and employment transition services.4 C$ _: G' f- z4 v) w' M. E" ~
- P7 D3 g0 p! [, p9 h! n8 t: @1 H“The decision to indefinitely close the Footner facility reflects the severe decline in North0 _! v% b V* X
American housing starts and structural panel consumption coupled with considerable. k$ [& \& o% l
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses# V O0 Y7 f$ Z
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity! p( l# L6 t% m7 x! C+ [# c
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not/ x0 r* I$ t6 l; f, O4 i5 ~
foresee any short-term improvement in either customer demand or costs.”1 \$ C: L( R q; c
; I( L( D# p8 ~0 [- |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。" \& }/ m# ~) c: j6 ^8 e& B4 f$ f
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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。+ O+ F _) q9 A$ T
+ u: i E" F" ?) g& oAinsworth的CEO最后一句话值得我们深思。 |
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