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NEWS RELEASE, a3 \8 E( Y: y. _
For Immediate Release
3 u) m6 P4 ]7 O) V' I, l5 n" mNovember 27, 2007
0 e( k) N) x! rAINSWORTH LUMBER CO. LTD. (TSX: ANS)
1 k' b% N$ U# D2 j( V: uAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned' a* l4 Y& p e9 H( @
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
. A" ?! x# j+ ?( Kyear-end 2007 due to operating losses and reduced customer demand.* Q5 d4 X- E7 w- _' \/ w
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The High Level mill employs 150 people and produces approximately 700 million square feet- v/ h0 J: u2 @0 F5 |( V3 [
(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide
" I1 M- ^ @, ~% s8 Haffected employees with severance pay and employment transition services.
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H' n/ ?: C. l4 S% x“The decision to indefinitely close the Footner facility reflects the severe decline in North
: U6 K ~! d' W$ y* n' xAmerican housing starts and structural panel consumption coupled with considerable
, x }9 E4 r1 r" Coperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
- \1 Z y8 P0 c3 ?$ P# B6 Ydue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
0 [2 J( d& W$ G, h/ }( v: O1 iand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
3 t# s+ E9 y9 a! \! Q4 v \foresee any short-term improvement in either customer demand or costs.”
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u1 m- p/ p `: g7 |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。! E, P3 M' ^ F7 ]) b
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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。
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8 D) c/ s/ L, K* _# A; DAinsworth的CEO最后一句话值得我们深思。 |
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