Ballard powers up for production

Article Abstract:

Ballard Power Systems Inc., a Burnaby, British Columbia-based company that is developing pollution-free fuel cells intended for vehicles and stationary power facilities, is moving to the commercial phase from the entrepreneurial, R&D stage. Over the succeeding six years, the company hopes to actually fabricate and market its first products. Ballard Power, which recorded C$24.2 million in revenue in 1997, will seek facilities in Vancouver, British Columbia, where fuel cells will be manufactured. In 1998, the company will hire an additional of around 150 workers to boost Ballard Power's marketing efforts in areas that include Japan, Germany and the US.

Comment:

Is moving to the commercial phase from the entrepreneurial, R&D stage; this co is developing fuel cells for cars

Strategy & planning, Storage Battery Manufacturing, Storage Batteries, Ballard Power Systems Inc.

---

U.S. giant plays it cool on Loewen

Article Abstract:

Houston, TX-based Service Corp. International (SCI), the world's biggest funeral services company, would not rule out another takeover bid for Loewen Group Inc., a Burnaby, British Columbia-based funeral services firm. But SCI President William Heiligbrodt said that his enthusiasm for Loewen has considerably decrease ever since SCI abandoned its US$45 a share hostile bid in January 1997. Heiligbrodt cited among other reasons as the millions of dollars Loewen spent to ward off SCI's bid, a C$450-million issue of shares at $33 each in May 1997, Loewen's expensive cost structure and Loewen's purchase of many small cemeteries.

Comment:

Would not rule out another takeover bid for Loewen Group Inc, a Burnaby, British Columbia-based funeral services firm

United States, Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Funeral Homes and Funeral Services, Funeral Services, Funeral industry, Loewen Group Inc., Service Corporation International

---

Similar abstracts:

• Abstracts: Bouchard backtracks on bid for Provigo. Provigo board says bid is fair. Provigo plans overhaul of stores
• Abstracts: Steel industry officials predict consolidation. Auto industry roars in 1998. Dofasco plans $20-million steel mill in Ontario
• Abstracts: Rogers doubles Sports Net stake: CRTC. Ted Rogers pledges turnaround by five years. Rogers sells security alarm division to trim more debt

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.