VANCOUVER, BRITISH COLUMBIA -- Weak market conditions during the spring building season was one reason Ainsworth Lumber Co. Ltd. posted a $10.1 million decline in sales during the second quarter of 2014, compared to the same time last year.
During the first two quarters of 2014 sales were $225.2 million compared to $269.3 million in the same period of 2013. The $44.1 million decrease was related to a 25 percent decrease in realized pricing, partially offset by an 11 percent increase in sales volumes and the same factors noted above. The increase in volume from the company’s High Level mill was partially offset by transportation issues that limited shipments during the first quarter of 2014. The company plans to boost its High Level mill to meet growing requirements of existing North American and export customers, as well as service new market segments.
While sales domestically have been down, corporate officials said they are seeing growth in key export areas, particularly in Japan and China.
Although the market has been slower in North America, Ainsworth CEO Jim Lake said he is optimistic about long-term recovery and “continued absorption” of industry supply.
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