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NEWS RELEASE0 L- ~( W7 Q+ v7 ]
For Immediate Release2 t$ j- z8 O+ [0 `# Z
November 27, 20071 o4 h, i$ f) J" B
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
+ L9 z. J2 f2 f8 w+ @AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL8 O% H1 v! w# U% ~) B" b
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned+ f# F1 F0 U3 H7 t z7 Z
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
0 Y8 d0 G6 w9 K1 B3 Dyear-end 2007 due to operating losses and reduced customer demand.
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The High Level mill employs 150 people and produces approximately 700 million square feet
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: S9 g2 W, V4 N$ b; d. N) zOSB production is expected to be curtailed effective December 20th. Footner will provide9 D- `1 b( x8 i0 x, w
affected employees with severance pay and employment transition services.6 Q+ z4 V v: I3 f/ R2 n- f; {/ t
, x% J" {' X8 E% ~4 u% Z“The decision to indefinitely close the Footner facility reflects the severe decline in North' @" ?5 x* V) p$ T( |3 z/ K
American housing starts and structural panel consumption coupled with considerable, C, g0 W& ^* l0 Q
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
) o; c [ P" D9 U3 cdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
P- r: V% l7 m7 N# B- \) Aand taxation rates have regrettably forced us to take this action. Unfortunately, we do not' s a) U# C4 T
foresee any short-term improvement in either customer demand or costs.”
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: ^' |) D- ^+ x. { B+ W! h! D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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* a! Q; A: [: D5 j0 ?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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$ O& A3 P# C& Q4 M1 k1 l; kAinsworth的CEO最后一句话值得我们深思。 |
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