Engineering

Article Abstract:

United Kingdom engineering firms have seen drops in their stock prices as a result of the Asian financial crisis and the high value of pound sterling. The pound started to increase in value in Oct 1996, and has hit profits of exporting companies. Engineering firms are sensitive to economic cycles, and UK and North American growth expectations have been revised downwards, so engineering firms are likelyto be affected. Companies in this sector have, however, been helped by better distribution and new technology, and pound sterling will eventually drop in value.

General Industrial Machinery, Machinery Manufacturing, Engineering Services, Industrial equipment, Machinery

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Valeo: parts sale finally agreed

Article Abstract:

Compagnie Generale d'Industrie et de Participations (CGIP) is to acquire a 20% stake in Valeo, a French automobile supplies concern, from Cerus. Cerus is a holding company owned by Carlo De Benedetti, an Italian financier which held a 27% stake in the company and announced it was seeking to sell this. Major French car producers were concerned the stake could be bought by General Motors or another competitor. CGIP has sold a stake in Crown Cork and Seal to fund the acquisition.

Automobile equipment and supplies industry, Automotive parts industry, Investments, Securities, Valeo S.A., Compagnie Generale d'Industrie et de Participation

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Engineering

Article Abstract:

Factors affecting British engineering firms, including exposure to US markets, are examined in detail.

Cover Story

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