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Hearst plant closure to put 76 out of work.


Hearst's Particleboard par·ti·cle·board or particle board  
n.
A structural material made of wood fragments, such as chips or shavings, that are mechanically pressed into sheet form and bonded together with resin.
 plant will be closing its doors indefinitely April 14.

The Hearst facility employs 76 of Columbia Forest Products' 823 total workforce in Canada.

The American-based multinational reported escalating energy costs, low product prices, a high Canadian dollar Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin"
loonie

dollar - the basic monetary unit in many countries; equal to 100 cents
 and global competition were factors contributing to the closure.

As North America's largest manufacturer of hardwood plywood and hardwood veneer veneer (vənēr`), thin leaf of wood applied with glue to a panel or frame of solid wood. The art of veneer developed with early civilization. , Columbia also markets and produces engineered and solid wood flooring Wood flooring is a type of flooring made from the timber of hardwoods, or of spruce or hard pine. There are two basic manufactured types of hardwood. Wood flooring comes unfinished, and once installed is sanded, then finished on site.  products.
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Title Annotation:AROUND THE NORTH
Publication:Northern Ontario Business
Date:Mar 1, 2006
Words:70
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