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NEWS RELEASE, x$ z( ]* T* P; m
For Immediate Release
/ n4 {2 l* Y9 B& zNovember 27, 20077 r) \/ _2 C/ y8 Q4 p
AINSWORTH LUMBER CO. LTD. (TSX: ANS)( z4 n0 B# R& c$ u4 v2 ?
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL; P: C& K8 e) K( J
6 n9 }( [7 w/ H( r6 t$ C- UAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned! m' l: M c" M# s% b; d* y
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before' Z R! d3 {* r& x8 c/ E; W
year-end 2007 due to operating losses and reduced customer demand.* H# t3 P1 a k7 l# x
0 V! }/ j/ M$ d! e& }4 t; GThe High Level mill employs 150 people and produces approximately 700 million square feet
5 k* C& C1 ~! V" j1 f8 V; f(3/8” basis) annually.5 X) _: _3 u: k6 k6 H. J
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OSB production is expected to be curtailed effective December 20th. Footner will provide" W# n, g# \/ d
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 North
6 M' h0 |' [* J" VAmerican housing starts and structural panel consumption coupled with considerable
! Y0 W0 ]& ]+ {, soperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses6 a& |) D' F" F, u$ ~
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
. K6 _1 |2 v1 I! w7 v, X) Sand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
$ R& Z9 r$ w4 o# i) hforesee any short-term improvement in either customer demand or costs.”1 ?5 ^" G! k6 z8 ]) t$ L6 G4 q
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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。0 ^6 [& n9 z$ [: o1 U, l8 o
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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。& `( W9 y: e/ @/ a. P4 E4 k
: w/ n3 }' A1 c* P2 `7 P0 C3 b tAinsworth的CEO最后一句话值得我们深思。 |
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