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NEWS RELEASE
1 j) ~5 t% Z0 W) u! a* kFor Immediate Release+ }! O& h( `8 W, Z) v
November 27, 2007. }( x7 ~9 v( Z+ w# [
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
6 G" y4 ]1 u. h7 O* v& E6 KAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned1 [. X F! s: }5 |: A" X4 ~+ D
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before: H" Y3 s5 j+ G* h) K7 L: }! D5 h4 W
year-end 2007 due to operating losses and reduced customer demand.
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6 [9 f- H/ b6 J1 AThe High Level mill employs 150 people and produces approximately 700 million square feet; e: O: `9 C9 V) N/ o' ~3 g
(3/8” basis) annually.+ H& p; k7 V1 {' Z- t
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OSB production is expected to be curtailed effective December 20th. Footner will provide
7 g9 s! L" L% @affected employees with severance pay and employment transition services.+ ~; C% Q! |1 I1 `) q' \
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
6 P# @- \' P5 ]- }2 p6 _5 eAmerican housing starts and structural panel consumption coupled with considerable8 t z& h _- b+ g5 w
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
3 D9 A( K/ d/ E$ _due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
0 u/ t1 _. e1 h! @( k! e# Fand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
+ k7 v* o. y* o- _8 B% tforesee any short-term improvement in either customer demand or costs.”" g+ l% D& I+ X0 a {4 z) f, G
/ F- N- ]7 ?8 [5 q$ w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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2 r) E& m" q0 z- Z4 d1 b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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Ainsworth的CEO最后一句话值得我们深思。 |
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