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NEWS RELEASE' ?+ S- c& ^) r
For Immediate Release
) h/ l" l2 `4 lNovember 27, 2007
( s' @$ `6 S% l5 C9 x: QAINSWORTH LUMBER CO. LTD. (TSX: ANS)$ N$ x& p9 Q7 G# t
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL* Z& _- U" V0 o6 b6 U
. d* a" K3 m! [- G' a! gAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
1 M0 o4 N! f/ U/ v7 ~: YFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before5 P) F' q2 a4 W( @$ Y, Y3 F) h
year-end 2007 due to operating losses and reduced customer demand.# L- e! i2 d$ W- r1 c
J7 t7 S e/ d. KThe High Level mill employs 150 people and produces approximately 700 million square feet" c: _3 W3 D. [1 \8 E4 m
(3/8” basis) annually.
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" M5 {2 L/ j! ]( P2 COSB production is expected to be curtailed effective December 20th. Footner will provide8 x/ X6 F$ Z! U# k
affected employees with severance pay and employment transition services.* w+ u6 R: I5 s" P' i# Q
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“The decision to indefinitely close the Footner facility reflects the severe decline in North
( n* J# A, A6 U& JAmerican housing starts and structural panel consumption coupled with considerable$ [6 [6 `1 f% }% Y0 S5 i9 b
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses% I& M0 W9 a# B/ @ p7 }
due to the stronger Canadian dollar, high freight costs to key markets, and local electricity
0 {9 m" H. j5 f0 t8 h4 E Z/ Aand taxation rates have regrettably forced us to take this action. Unfortunately, we do not
. w1 [* d, }. Q# Cforesee 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。6 Y) j1 U! ?+ h
! ~0 E( H4 n l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。2 w6 D3 e( X' S3 ?9 ~& D
7 \$ ^$ j3 J9 o5 o! e8 `6 GAinsworth的CEO最后一句话值得我们深思。 |
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