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NEWS RELEASE
( }; L: N/ I1 l# zFor Immediate Release. n: M" T7 L; J1 ]
November 27, 2007
+ B' \, E: Q- j& X8 oAINSWORTH LUMBER CO. LTD. (TSX: ANS); `! L. i4 G8 F( ~
AINSWORTH ANNOUNCES INDEFINITE CLOSURE OF HIGH LEVEL OSB MILL
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& Y0 C0 ?$ q+ T5 o6 Y- c, fAinsworth Lumber Co. Ltd. today announced an indefinite closure of its jointly-owned9 x4 u- u% Q4 [7 P4 Z- ^" s; N
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
6 A: Y8 T9 Y& E3 vyear-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 feet6 E- O0 E: k' G# E" ~, p; C
(3/8” basis) annually.
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' d, [. }" j9 D9 _6 _8 qOSB production is expected to be curtailed effective December 20th. Footner will provide
* P6 Y6 o! ?( i* R* Xaffected employees with severance pay and employment transition services.! I$ e; G( J* @& X
4 ^0 }; M4 `6 C; s9 v“The decision to indefinitely close the Footner facility reflects the severe decline in North2 c, J G$ L# }7 H: l- X/ P, n# L
American housing starts and structural panel consumption coupled with considerable
; Y* ^9 A* w7 a7 x& ?operating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
' a" \0 v) j& \' C! x1 mdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity) [+ l- i0 W1 m* T ^
and taxation rates have regrettably forced us to take this action. Unfortunately, we do not/ j& ?* u9 A' Q! o! E
foresee any short-term improvement in either customer demand or costs.”
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7 b) y8 z5 `( o) [" f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。0 R: @& ^ N1 J/ ~6 j& u$ _
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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。
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Ainsworth的CEO最后一句话值得我们深思。 |
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