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NEWS RELEASE
6 Z3 @8 m# g* g! F" [For Immediate Release
4 ]( [" X: F; s8 |* m# c2 ZNovember 27, 2007
+ w/ i Y% U) _9 u7 ?3 RAINSWORTH LUMBER CO. LTD. (TSX: ANS)
2 N! X+ @1 g0 b* fAINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL- u& o0 T0 C' @
) [ `% S* ~! v; @( [Ainsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
! A I) W# @/ U! N2 I- G7 cFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before& J7 e: D1 |( n8 E% Y2 F
year-end 2007 due to operating losses and reduced customer demand.8 U0 @4 v. t7 C$ e% u
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The High Level mill employs 150 people and produces approximately 700 million square feet7 k% C9 q4 c% h4 D4 o/ N3 W
(3/8” basis) annually.
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4 w2 f/ r% k/ i! E4 F2 ~$ KOSB production is expected to be curtailed effective December 20th. Footner will provide
, h2 w: |% U; W- I& G6 p( @1 Baffected employees with severance pay and employment transition services.9 C( R* ^3 K" f0 G6 m
& H, |1 Q( q; h; d; H: u“The decision to indefinitely close the Footner facility reflects the severe decline in North
\! O( x) r6 pAmerican housing starts and structural panel consumption coupled with considerable% \- k/ n9 ]( m* W
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
. g5 ?4 N$ `0 a! j: N9 xdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
+ T2 [3 B I7 o- K! Fand taxation rates have regrettably forced us to take this action. Unfortunately, we do not% j$ Z; H' K" B; Q" z" ~$ g0 M. C: M
foresee any short-term improvement in either customer demand or costs.”& ]. p ]9 n! N2 N3 [1 @6 p0 E- @
9 n1 E1 F9 z: ~4 }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。# ~4 W. l8 f& ]% @8 r! x
, \! M U3 _3 u( ^& N( p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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6 X( m5 R" U8 d( H) u7 N$ K- `- uAinsworth的CEO最后一句话值得我们深思。 |
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