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NEWS RELEASE1 r. \/ S* R9 W9 \
For Immediate Release
" ^. M) m0 p' FNovember 27, 2007
8 K g# n/ N& x$ OAINSWORTH LUMBER CO. LTD. (TSX: ANS): C: ^2 g( Q; d; _% A e
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned9 V( k3 @& F) `4 ^9 L4 D/ N
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before- a7 m( O! J! J% ?
year-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
4 a7 F$ E* A$ b d+ o* Q(3/8” basis) annually.
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" W2 _$ |1 s4 s2 g% pOSB production is expected to be curtailed effective December 20th. Footner will provide) Z9 X4 T, A) }3 {' ?' I* y
affected employees with severance pay and employment transition services.# C8 X( A2 j, @ y
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“The decision to indefinitely close the Footner facility reflects the severe decline in North9 O/ @4 P6 c) B2 }' K# c
American housing starts and structural panel consumption coupled with considerable
# }$ n$ R' |# [6 d- S* Doperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses9 I" k/ B& g$ z# y- w G' y+ O4 t; F
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity; E# s) S9 L1 t5 n1 U7 z' @
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
6 b! [" p+ r/ C/ n" ]- p' ]foresee any short-term improvement in either customer demand or costs.”' `/ O2 R4 E( u% @
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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。/ Z2 T- l" B. [) Z$ s$ ^5 i; d
& ]2 i( q- [6 Y8 G% N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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. M: a6 `5 V6 D* v( hAinsworth的CEO最后一句话值得我们深思。 |
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