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NEWS RELEASE
. ~" q/ K8 W: i) q# r; F& F5 bFor Immediate Release
( D) N9 A( z/ r8 FNovember 27, 2007
5 `0 N* @5 C8 s9 SAINSWORTH LUMBER CO. LTD. (TSX: ANS). G! }0 g+ S/ ]8 D7 @
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL5 J; Z Y. u+ |* p
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
3 P9 p2 Z2 N6 }/ w, X, `6 RFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
3 x& [+ }& a" {8 O2 Xyear-end 2007 due to operating losses and reduced customer demand.( j# v3 X9 Z0 A- j" }
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The High Level mill employs 150 people and produces approximately 700 million square feet0 E9 _- T0 n; E- H
(3/8” basis) annually.0 F/ i" ^6 C& [7 O) W5 f2 f% Y }
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OSB production is expected to be curtailed effective December 20th. Footner will provide
; ?) P* T+ N7 ]. G+ X6 F( t" Paffected employees with severance pay and employment transition services.2 S7 ]9 v6 f f" o6 w" y) ]5 P( c
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
. a% }6 m0 `+ [American housing starts and structural panel consumption coupled with considerable
3 A" E0 t t' f% I; P; K7 Noperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
* u8 S- @# k2 Bdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
3 A3 }2 Z! l5 N- t( Mand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
$ _6 ^+ r3 d2 F# N6 rforesee any short-term improvement in either customer demand or costs.”* z3 [( e8 t! T' X& `8 {5 Q, q
& [, w5 e. U8 ]- C& q* w% h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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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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