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NEWS RELEASE
, W7 ?% C% j2 U0 Z! p" A9 dFor Immediate Release
3 Z8 K" o6 R& @4 L+ oNovember 27, 2007
$ @! p4 [8 N4 R$ o( f9 n, ]AINSWORTH LUMBER CO. LTD. (TSX: ANS): M& s, d. _+ F' L, t
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! H# ^/ d8 p* e) B
Footner Forest Products Ltd. oriented strand board (OSB) mill at High Level, Alberta before
! J* B' H) `) d2 a% ^, L' }. ^9 ?* Oyear-end 2007 due to operating losses and reduced customer demand.: r0 g C; Q% I' C. K( e( }
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The High Level mill employs 150 people and produces approximately 700 million square feet" G1 d% P$ j8 e
(3/8” basis) annually.6 K5 \8 h. ?: e
D/ Y1 [4 n1 V6 @# F8 yOSB production is expected to be curtailed effective December 20th. Footner will provide0 X/ |5 E( |. S5 M5 c& S Y; }
affected employees with severance pay and employment transition services.2 K5 u' {/ n# n
7 q0 o' \" s7 D“The decision to indefinitely close the Footner facility reflects the severe decline in North# V- r: m" B5 Z8 Y
American housing starts and structural panel consumption coupled with considerable
$ y! E* D2 Q+ M3 l( [8 y* aoperating cost challenges”, said Brian Ainsworth, Chairman & CEO. “The continued losses
0 P V; o& Q& L, Qdue to the stronger Canadian dollar, high freight costs to key markets, and local electricity
2 R- C: W ^6 m. l% V2 ]' X( B8 vand taxation rates have regrettably forced us to take this action. Unfortunately, we do not$ m& Y3 D7 t) B8 E; N& f# r1 h+ k4 P
foresee any short-term improvement in either customer demand or costs.”1 d( O5 Q9 ]8 G
( c. e' |& J* K* t7 @2 \5 x4 Q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。8 V. T/ J0 ?. ^% d# o6 b
' C0 |) T: M9 |( o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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