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NEWS RELEASE! j% v, X6 t6 z9 _6 B
For Immediate Release% G3 J0 o/ K) P9 R8 g4 W3 x
November 27, 20071 A3 ^# E7 e( D T. j G% \
AINSWORTH LUMBER CO. LTD. (TSX: ANS): c0 V$ l& ?, T# d* W9 G
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL3 ?. j: K. ?- V6 |6 P+ P) Y
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
: v0 |& I( u4 r! C" E& N% |4 lFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before. B t" e/ F" T# |3 X* |
year-end 2007 due to operating losses and reduced customer demand.+ S3 x7 U, \3 E. N# P! e
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The High Level mill employs 150 people and produces approximately 700 million square feet; d, n9 |3 y4 e
(3/8” basis) annually.& ?( F& O! g/ n2 o/ L3 ~
. C2 S2 Q) b2 _+ }3 X/ [! WOSB production is expected to be curtailed effective December 20th. Footner will provide: K, L+ |5 e, H/ D! S! G
affected employees with severance pay and employment transition services.- ]( E. J- M& H% _
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“The decision to indefinitely close the Footner facility reflects the severe decline in North# H7 R' J; p" t# ^, m4 F
American housing starts and structural panel consumption coupled with considerable
- q, W% i2 z! ?" X, }0 E* ]$ I, woperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses, O$ I: M& p8 q5 P! v
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity3 `- \. p$ j9 m, e+ y* I% F
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
0 y9 h" k, L, n" Fforesee any short-term improvement in either customer demand or costs.”
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* z9 ]8 Z0 }5 y. o3 }5 R( v; E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。9 \% O9 I! o- B( p. L
4 @8 P0 p" S1 S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。$ h$ v$ h, T! O
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Ainsworth的CEO最后一句话值得我们深思。 |
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