Blue Circle: shake-up plan

Article Abstract:

Blue Circle plans to restructure the company's cement operations in the UK with reductions in the work force and investment in kilns. The company also aims to reduce its energy bill which accounts for 15% of this division's costs. The UK construction market has been stagnant and there was a drop in building output of 1% in 1995, This has affected demand for cement, hence the restructuring. The company has increased sales in Chile, Malaysia and other countries outside Europe, which has helped offset poor European profits.

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Blue Circle

Article Abstract:

Blue Circle has sold its heating division to Baxi Partnership and obtained 480 million pounds sterling, more than expected. The company is also investing in Halkis and Heracles, Greek cement companies in which it is acquiring controlling stakes. Blue Circle is performing well in the US and Europe, though there is concern about its Asian operations. The company's borrowings are low so it is able to make acquisitions, and it has a good return on capital of 14%.

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Blue Circle

Article Abstract:

Blue Circle is a cement and building materials company which is cutting costs and benefiting from a revival in Asian markets. The company may not achieve all the cost savings planned.

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