Ainsworth Engineered

Ainsworth Lumber Investigating Alternative Uses for the Grand Rapids OSB Site

2.4.09 - Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (“the Company”) is investigating alternative uses for a 223-acre industrial site in Grand Rapids, Minnesota that had previously served as an Oriented Strand Board (OSB) mill for the Company. Ainsworth is also actively promoting the sale of the site and has retained Cushman & Wakefield to market [...]
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Ainsworth Announces Permanent Closure of Minnesota Mills

27.1.09 - Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) announced today that, based on a review by management of operational and market factors, the Company has decided to permanently close its two Northern Minnesota-based OSB mills in Cook and Bemidji effective immediately. The Cook mill has not been in production since January 2008, when [...]
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Ainsworth Appoints New President and CEO

6.1.09 - Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) announced today that its Board of Directors has appointed Richard Huff as the new President and Chief Executive Officer of the Company. Jay Gurandiano, the Chairman of the Board of Directors, said “We are very pleased to have Rick Huff joining Ainsworth Lumber [...]
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Ainsworth Adopts Stock Option Plan

16.11.08 - Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (TSX: ANS) today announced that its Board of Directors has approved the adoption of a stock option plan under which options to acquire a maximum of 9,000,000 common shares are issuable for terms of up to 10 years. The stock option plan is subject to regulatory approval [...]
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Ainsworth Announces Termination of Commitment Agreement with Manitoba Government

10.10.08 - Vancouver, British Columbia – Ainsworth Lumber Co. Ltd. (“Ainsworth”) (TSX:ANS) announced today that it has terminated a commitment agreement with the Government of Manitoba on a planned engineered wood production facility in an area northeast of Winnipeg, Manitoba. The May 2006 agreement contemplated the issuance of a Forest Management License for 838,000 cubic meters annually [...]
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Ainsworth Announces Production Curtailment at OSB Mill

1.10.08 - Ainsworth Lumber Co. Ltd. (“Ainsworth”) today announced that it will temporarily curtail operations at its oriented strand board (OSB) mill in Bemidji, Minnesota on October 6th due to reduced customer demand and log shortages. “Business demand continues to reflect the severe decline in U.S. housing starts and the credit market issues”, said Robert Allen, Chief Executive [...]
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Ainsworth Announces Permanent Closure of OSB Mill in Grand Rapids, Minnesota

26.8.08 - Ainsworth Lumber Co. Ltd. (“Ainsworth”) today announced the permanent closure of the company’s oriented strand board (OSB) mill located in Grand Rapids, Minnesota effective immediately. The mill had not been in operation since September 2006. “We made the very difficult decision to permanently close the facility following a strategic review of the mill’s ability to be competitive [...]
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Ainsworth Announces Board and Management Changes

30.7.08 - Vancouver, BC, July 30, 2008 – Ainsworth Lumber Co. Ltd. (TSX: ANS and ANS.WT) (the “Company”) announced today that, following the successful completion of its recapitalization transaction, the new board of directors of the Company today appointed Robert Allen , the CFO of the Company, as the interim CEO of the Company. Mr. Allen has [...]
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Ainsworth Announces Successful Completion of Recapitalization

29.7.08 - Vancouver, BC, July 29, 2008 – Ainsworth Lumber Co. Ltd. (TSX: ANS) (the “Company”) announced today that it has successfully completed its previously announced recapitalization transaction (the “Recapitalization”) after receiving all necessary court, securityholder, term lender and regulatory approvals. The Recapitalization became effective as of July 29, 2008. The Recapitalization was overwhelmingly approved on July 24, [...]
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Ainsworth Lumber Co. Ltd. to Terminate its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

28.7.08 - VANCOUVER, BC – July 28, 2008 – Ainsworth Lumber Co. Ltd. (TSX: ANS) (the “Company”) announced today that it intends to terminate its reporting obligations under Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), with respect to its Senior Unsecured Floating Rate Notes Due 2010, 7.25% Senior Unsecured Notes [...]
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