|
ASW is selling its 86% stake in SAM, its French wire rods subsidiary, for £82m, in order to focus on its UK plants in Cardiff and Sheerness. 10-Jul-2000 ASW Holdings is considering plans to sell its two French steel plants in order to focus on the higher-margin products made at its UK plants. 06-Oct-1999 ASW Holdings has announced a rationalisation programme that will involve 380 job losses in its steel business, although it also plans to invest £4.7m extending the product range at its Cardiff site and £5m improving quality at Sheerness. 27-Apr-1999 ASW Holdings is planning to acquire Co-Steel Sheerness, the UK division of the Canadian steel multi-national Co-Steel. 22-Dec-1998 ASW has sold its metals recycling division to Philip Environmental of Canada for £33m, and is also planning to cut 200 jobs in the UK and France as part of a reorganisation. 17-Dec-1996 ASW Holdings is looking to sell its metal recycling business, which employs 250 people and has 12 sites, in order to reduce debt. 04-Oct-1996 ASW Holdings, the steelmaker, is planning to close its Cardiff headquarters, cut back its staff and sell its specialist wire and steel ties business. 10-Sep-1996 ASW Holdings, the steelmaker, has put three businesses up for sale to reduce debts - McCalls Special Products, Cardiff Wire, and Arteon. 22-Mar-1996
|