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NEWS RELEASE1 z; e# p# Y: B& L& D" u
For Immediate Release
; Z4 y6 H& x3 tNovember 27, 20073 d3 ]/ \+ l! V: s0 I; Z
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
) `8 D6 R9 ?, q$ {2 TAINSWORTH 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
% \* R, `5 h1 o, |" LFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
1 C2 z( r' `- \ y: t# uyear-end 2007 due to operating losses and reduced customer demand.
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3 s2 \2 @- j' t' F c' VThe High Level mill employs 150 people and produces approximately 700 million square feet
, m& b' f( R v% U1 F(3/8” basis) annually.+ F/ S8 Y: Y; Q/ ^ h# K
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OSB production is expected to be curtailed effective December 20th. Footner will provide
' U- H$ e: l4 D2 D' aaffected employees with severance pay and employment transition services.
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
& P w; R( a7 D/ Q% H% `American housing starts and structural panel consumption coupled with considerable
5 z) x t, t# voperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses6 B. N/ j# r, Y
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
7 r: g4 B1 @' o6 T' f9 o5 ?9 wand taxation rates have regrettably forced us to take this action. Unfortunately, we do not+ y: u# P0 }/ c& i: R# O
foresee any short-term improvement in either customer demand or costs.”
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6 z: v( W3 ]" F9 `# e/ b" O; q/ |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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+ A5 T$ p( I C) P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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% Q0 M# O4 E4 F/ jAinsworth的CEO最后一句话值得我们深思。 |
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