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NEWS RELEASE6 K4 H8 v; z7 f. C# n, v
For Immediate Release. j9 G! J/ [5 }: g
November 27, 2007
: x0 n W* h- L& ?/ R3 [AINSWORTH LUMBER CO. LTD. (TSX: ANS)+ o. k& {* {& R1 u8 T: p @; ]
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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" ~. ~. L+ F) |. y6 D2 _Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned2 H8 _) n g; o, V% H* E( S" A* }
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
+ P6 U$ ^9 w8 N; O* F: ^: Jyear-end 2007 due to operating losses and reduced customer demand.
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9 c% |: C }# G& }7 oThe High Level mill employs 150 people and produces approximately 700 million square feet
9 U" q6 `* G4 n" ]5 `(3/8” basis) annually.
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% `2 H$ k. F* g6 v: WOSB production is expected to be curtailed effective December 20th. Footner will provide
: p% ?2 Q8 G( r2 Vaffected employees with severance pay and employment transition services." ?/ ~ `7 u9 h1 [% g" a
5 f5 |$ r% k4 C$ Z' {“The decision to indefinitely close the Footner facility reflects the severe decline in North
1 i$ u! U0 ~$ J8 j$ N4 M- ]American housing starts and structural panel consumption coupled with considerable6 ?& H$ c$ N4 O# \" [. f( ~
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses a S6 q( t: s0 v) D4 y2 q
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
8 W. W4 `& V: aand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
8 U" R& F1 m( s [: G/ rforesee any short-term improvement in either customer demand or costs.”
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4 C3 ?6 J0 ?+ \% o$ m: b A" n% ?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。; W! k1 |0 ]1 j: A! w! E
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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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