News & Announcements
Ainsworth Announces New Labour Agreement with Unionized Workers at 100 Mile House Mill
24.8.10 - NEWS RELEASE – Friday, August 20, 2010
Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) announced today that it has reached a new four year labour agreement with unionized workers at its mill in 100 Mile House, British Columbia. Members of the Pulp, Paper and Woodworkers Union of Canada (PPWC), Local 9, [...]
Read More
Ainsworth Announces New Labour Agreement with Unionized Workers at Barwick, Ontario Mill
24.8.10 - NEWS RELEASE – Friday, August 20, 2010
Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) announced today that it has reached a new 4 year labour agreement with unionized workers at its Barwick, Ontario mill. Members of the Communications, Energy and Paperworkers Union of Canada (CEP), Local 324-99, ratified the agreement late [...]
Read More
Ainsworth Announces 2010 Second Quarter Results
5.8.10 - Highlights
Company was well positioned to benefit from period of high OSB prices in first half of 2010
Recorded fourth consecutive quarter of positive adjusted EBITDA
Adjusted EBITDA margin of 35.4% in Q2 2010 compared to -1.3% in Q2 2009
35.7% growth in sales relative to Q2 2009 as a result of increased OSB prices
Cash balance increased by $22.0 [...]
Read More
Ainsworth Launches New pointSIX™ Subfloor
2.6.10 - Revolutionary tapered-edge technology offsets effects of moisture exposure
Vancouver, CANADA (June 2, 2010) — Ainsworth, a leading manufacturer of Oriented Strand Board (OSB), is introducing an engineered subfloor solution that utilizes a unique technology to accommodate the effects of swelling due to moisture exposure.
New pointSIXTM Flooring features a patented tapered-edge technology whereby a thin layer of [...]
Read More
Ainsworth Welcomes Peter Gordon and Pierre McNeil to Board of Directors
27.5.10 - Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) announced today the appointment of Peter Gordon and Pierre McNeil to the company’s Board of Directors. The two new directors replace Jay Gurandiano and Jonathan Mishkin, both of whom have resigned from the Ainsworth Board. Mr. Gordon will replace Mr. Gurandiano as Chairman.
Paul [...]
Read More
Ainsworth Announces 2010 First Quarter Results
13.5.10 - Highlights
Third consecutive quarter of positive adjusted EBITDA
EBITDA margin of 18.3% compared to 1.6% in 2009
Strong growth in sales despite negative foreign exchange impact
Average North Central 7/16” OSB price for Q1 2010 rose to U.S.$214 (per msf)
No demand related downtime taken during the quarter
Maintained exceptional safety and operational efficiency record
Continued to replace commodity production with higher [...]
Read More
Ainsworth Announces 2009 Fourth Quarter and Year End Results
25.2.10 - Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) reported its unaudited financial results for the fourth quarter and full year ended December 31, 2009 today.
Highlights
Recorded positive adjusted EBITDA of $5.2 million in 2009 compared to a loss of $0.1 million in 2008
Completed a full strategic review of the business
Added considerable depth [...]
Read More
Ainsworth Completes Sales of Non-Core Assets
15.12.09 - NEWS RELEASE – Monday, December 14, 2009
Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) announced today that it has completed the divestiture of the company’s portfolio of non-core assets. Collectively, the asset sales support the company’s strategic focus on optimizing its portfolio and allocating resources to its best performing OSB assets.
On [...]
Read More
Ainsworth Announces Financial Results for the Third Quarter of 2009
5.11.09 - Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) today reported its unaudited financial results for the quarter ended September 30, 2009.
During the third quarter of 2009, Ainsworth’s three active OSB mills operated at capacity, taking no demand related downtime. Our facility at High Level, Alberta remains idle until market conditions improve. [...]
Read More
15.10.09 - Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) announced today that Chris Davies has been appointed Chief Financial Officer, effective November 2, 2009.
Prior to joining Ainsworth, Mr. Davies served as Vice President, Finance and Chief Financial Officer of MacDonald, Dettwiler and Associates Ltd.’s (MDA) Information Products Division. In addition to his [...]
Read More