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NEWS RELEASE
' t( a& P$ m8 u" ^+ EFor Immediate Release4 K! @, Z/ d% r, T% m- [
November 27, 2007& r; s' B! H. C" o, a+ Z$ y
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
. b0 ]' a; b/ [: N9 `AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL% V( h7 R. w5 Z2 s5 P
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned( @" Q9 n& } F) m; v+ Z! a! `
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
% p4 v) S' n4 m5 h+ `year-end 2007 due to operating losses and reduced customer demand.& W1 ]- f c7 ~+ o k* Y
2 a& { d- B* g- yThe High Level mill employs 150 people and produces approximately 700 million square feet% ^- z- l* j5 o1 a; s
(3/8” basis) annually.
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OSB production is expected to be curtailed effective December 20th. Footner will provide
8 m$ S7 J# {3 h- S) G S Yaffected employees with severance pay and employment transition services.
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+ z p# t* C6 f& `. C3 b3 b! \“The decision to indefinitely close the Footner facility reflects the severe decline in North
9 l; X3 w V. |2 YAmerican housing starts and structural panel consumption coupled with considerable
; f3 p r9 t; Q! l" x8 Ooperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses/ | `, }$ O+ g0 M2 s! p1 M) h8 w
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
" H& ]" s+ P* M0 T& qand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
6 m- q$ m3 p) z6 m$ Aforesee any short-term improvement in either customer demand or costs.”
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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。. F) e# W2 T4 ~; F4 S8 ^6 x
, r1 T( {; H' o! u6 r; \3 }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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0 @6 P& u: V/ _: O0 \Ainsworth的CEO最后一句话值得我们深思。 |
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