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NEWS RELEASE
' `& d. l0 ?# v2 XFor Immediate Release0 s0 h7 X8 p; V$ _$ a N% v8 E
November 27, 2007& @+ ^8 W8 S9 R( ^% e, D
AINSWORTH LUMBER CO. LTD. (TSX: ANS)
* N s* D( d, h* D" |AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL, ^. s9 ^5 p7 ]9 u( w
2 N! F! g. P, P0 q- t5 p& B: }) vAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned
& [; N) t1 x1 {. \6 o- JFootner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
7 i$ B& N1 I: z9 eyear-end 2007 due to operating losses and reduced customer demand.2 e3 }. U# [5 |- [9 L5 \3 n
5 a, h4 a& K0 YThe High Level mill employs 150 people and produces approximately 700 million square feet& [& z9 T4 I- C9 i
(3/8” basis) annually.
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4 |, s, ~ a# qOSB production is expected to be curtailed effective December 20th. Footner will provide/ g. l8 d/ E; T% R3 U% V
affected employees with severance pay and employment transition services.
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r% N. C# l3 E2 k) |/ c3 M“The decision to indefinitely close the Footner facility reflects the severe decline in North! U3 e% v$ I- o1 S, r& t
American housing starts and structural panel consumption coupled with considerable3 O" ^, t* ?" U% n
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
w% N+ ~. E1 f, _( d) Rdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity3 d* R8 @4 M& M( v) M* O0 r' Q
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not
9 N/ p6 J, @" Y3 q/ Q* E) ?foresee any short-term improvement in either customer demand or costs.”+ D- Q1 O* E" S9 |
# W! s. T5 C2 J: z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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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。6 y) T" t5 D \4 ?" l8 a
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Ainsworth的CEO最后一句话值得我们深思。 |
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