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NEWS RELEASE# Z% P4 E2 U4 Z
For Immediate Release) Q' e Y. d: p
November 27, 2007$ Q; [2 ~8 c- ?; {6 j+ }
AINSWORTH LUMBER CO. LTD. (TSX: ANS)/ }3 u4 s, B7 A
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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( n; N( ^8 ~' A2 x" K, b/ l4 }Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
# S8 w4 g6 S$ L7 l! _Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before) ` A; J- U" \- m
year-end 2007 due to operating losses and reduced customer demand.
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, I3 h' Q9 {( k& s( [0 zThe High Level mill employs 150 people and produces approximately 700 million square feet
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OSB production is expected to be curtailed effective December 20th. Footner will provide
/ r0 Z5 j0 T8 `0 _6 v9 R7 {affected 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 North8 T! `! P8 w N6 j
American housing starts and structural panel consumption coupled with considerable
" y/ A U% S% J" @3 Roperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses/ ]- r: |) J" s: z% ~) h* U
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
4 U4 L3 g/ S& K" Nand taxation rates have regrettably forced us to take this action. Unfortunately, we do not7 e, _6 h5 _0 |9 _% G3 ^; h. I
foresee any short-term improvement in either customer demand or costs.”
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( a/ e1 f# h; M2 ^4 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。
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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。( e: A7 ~) w" z# G- V- U" W
9 H# s0 ?8 c2 X; CAinsworth的CEO最后一句话值得我们深思。 |
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