Pilkington
Article Abstract:
Pilkington is finalizing a program to cut costs, and should benefit from stronger European demand. The company is still vulnerable to industry cycles, and is dependent on General Motors as a key US customer.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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Tarmac
Article Abstract:
Tarmac saw a drop in underlying profit to 97.1 million pounds sterling in 1995 compared with 107.2 million pounds for the previous year. This result excludes provisions for a legal dispute involving a contract to construct a plant for burning tires, and a loss of 46.8 million pounds sterling with the sale of Tarmac's brick business. The company has swapped its housing division for Wimpey's contracts and aggregates activities which have to be integated.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Pilkington
Article Abstract:
Pilkington has seen a drop in its stock price and has released good results. The company invented the floating glass production process, and was initially protected by patents, but was hit when they ran out. Acquisitions did not help, and the company changed its strategy and became more tightly focused under Paolo Scaroni who has shed dead wood. There have also been investments in production, improving efficiency. The company was affected by a strike at General Motors, a customer, but is otherwise showing signs of a recovery. A world recession would create problems for Pilkington, and fixed costs are high, but a bid could materialise since the stock price is low.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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