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NEWS RELEASE
+ C {. C4 v: N- \For Immediate Release
, o. H$ `3 G) Q2 DNovember 27, 2007
$ Y+ n" r7 _. t. X" Z0 q8 i0 qAINSWORTH LUMBER CO. LTD. (TSX: ANS)
7 K3 Z# j; ~* B! b/ S# s) bAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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1 b3 I1 V! @9 `Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned& f4 Q5 l2 W* G! y" i
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
, F( Y$ J! w2 N* d9 I" W5 E+ A6 wyear-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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OSB production is expected to be curtailed effective December 20th. Footner will provide
4 e' h. M0 X/ v' o5 J$ \affected employees with severance pay and employment transition services.2 m: ?6 J. q4 q# y7 X% F0 x
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“The decision to indefinitely close the Footner facility reflects the severe decline in North: C& {7 _$ _- q/ V
American housing starts and structural panel consumption coupled with considerable! o1 U% x* y+ q0 @
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses% }3 g/ E7 R& v, T! Z4 M4 C3 e
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity4 q$ f' G* y& F: k$ p2 z5 o& Q# M: e! E
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
" M3 a9 `4 O4 U( Kforesee any short-term improvement in either customer demand or costs.”
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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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. h. s3 I2 G Z- ^7 \* ]' E% I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。5 x- R( `% W" I8 ?
5 u; ]1 F4 U( o- u( o" qAinsworth的CEO最后一句话值得我们深思。 |
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