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NEWS RELEASE
+ j4 C9 K M2 O2 k G1 r& R. vFor Immediate Release& b d' ^: T. D# O9 w
November 27, 2007
3 E9 a9 o% }' C1 |, vAINSWORTH LUMBER CO. LTD. (TSX: ANS)
3 n! F R; v% M5 W/ H! k0 ]' R+ Y$ QAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL3 A5 b9 q2 [" X2 u; x, n0 W7 P
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
% A e/ x1 U$ y' UFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
1 _" F2 s5 ]- {$ o% `8 lyear-end 2007 due to operating losses and reduced customer demand.! F2 O# ]6 G) ~; X6 P8 e
# S/ e. x* ]; |2 tThe High Level mill employs 150 people and produces approximately 700 million square feet
0 }- }; v4 j) @) L" Y7 t+ y(3/8” basis) annually. V- w( ]. b$ |
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OSB production is expected to be curtailed effective December 20th. Footner will provide
2 P) x1 H' A& A$ S: d, |* Raffected employees with severance pay and employment transition services.
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1 _; E0 H/ y# R7 J% p“The decision to indefinitely close the Footner facility reflects the severe decline in North0 Y1 r- w& z% d8 ~
American housing starts and structural panel consumption coupled with considerable
6 V. v* b# [; x; g8 Foperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses, r h3 ]4 \- _. c
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
! U+ ^% V; O4 @) K7 y5 @and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
+ Q4 G3 t( P8 ~% Z# y/ b" D9 yforesee any short-term improvement in either customer demand or costs.”
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( D/ ?# K5 C' |( ~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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9 v1 B! P" X8 m- O, I" j9 ?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。7 q4 L9 j6 b) w0 h" E' k/ Z7 O, a
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Ainsworth的CEO最后一句话值得我们深思。 |
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