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NEWS RELEASE* o \6 Y0 g, c
For Immediate Release
5 F+ y( Z9 l/ d# F! K- zNovember 27, 2007+ R2 l* h9 l; B) g" ?# H& B& e
AINSWORTH LUMBER CO. LTD. (TSX: ANS)8 K3 Q- y& @5 M2 R
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-owned( w2 m8 S( `" y# ]# O
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before4 V# `# z0 B; a& @6 w8 H3 E
year-end 2007 due to operating losses and reduced customer demand.: L. u) J2 s+ |# j
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The High Level mill employs 150 people and produces approximately 700 million square feet2 [1 ]) t* {7 F9 p3 K7 p
(3/8” basis) annually.5 J# r5 u3 d3 s& N5 q2 {
2 D" o1 B6 ^1 h3 @" Y8 U) ?" y0 g- bOSB production is expected to be curtailed effective December 20th. Footner will provide
# E; I/ ~7 y, Baffected employees with severance pay and employment transition services.8 ?4 @# V' l. r9 `. k! O+ I) ^+ b8 i0 E
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“The decision to indefinitely close the Footner facility reflects the severe decline in North9 y* @5 P6 o2 i
American housing starts and structural panel consumption coupled with considerable. \- w! d. i7 L: m/ C9 Z
operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
( u5 d, L5 p6 P% f* |# e( Qdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
* T& a2 D: y1 h8 W1 yand taxation rates have regrettably forced us to take this action. Unfortunately, we do not0 ]( J& m7 y6 U4 x7 ~' c. F
foresee any short-term improvement in either customer demand or costs.”& W! ~8 g0 g& ^; q. d
: ?# C8 L8 }! d8 H) h& S6 r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。. @3 Z! K: ^! z! j
. x; B: F7 \) @1 i# m* @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。: T: p7 ^' z; r! |0 b. i o
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Ainsworth的CEO最后一句话值得我们深思。 |
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