Word: gobain
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...Streiff is hoping to address these issues head-on, not just because he is new both to Airbus and to the aerospace industry (he's a manufacturing expert from the French glass company Saint Gobain), but also because the company is facing its biggest crisis since its founding in 1970. The company has slashed its delivery schedule for the A380 from one plane in 2006 to zero, from nine planes in 2007 to one, and from 25 planes in 2008 to 13. That's a significant setback for the behemoth's main customers, including Emirates and Singapore Airlines, which...
...School student, who will lead Thomson-Brandt, an electronics and home appliance firm. A founder of the Socialist Party's vocal left wing, Gomez is probably the most ideological of the appointees. But his training and twelve years' experience as an executive at the newly nationalized Saint-Gobain-Pont-a-Mousson, a diversified glassmaker, give him impeccable business credentials...
...Electrical parts manufacturer Compagnie Generale d'Electricite; chemical firms Rhone-Poulenc and Pechiney Ugine Kuhlmann; conglomerate Saint-Gobain-Pont-a-Mousson; and electronics giant Thomson-CSF. To be covered in a separate bill...
...fact, the takeovers will probably push France into deeper trouble. The country's economy is already suffering from anemic growth, 7.7% unemployment and sagging investment. Nationalizing the banks-and 32 large industrial enterprises, including the Dassault airplane manufacturing company and the Saint-Gobain-Pont-à-Mousson fiber-glass maker-will almost certainly deepen the existing slump by making businessmen more wary of investing their money. Says J. Paul Horne, European economic analyst for the Smith Barney, Harris Upham & Co. investment firm: "The French private banking sector is all but gone. New private investment in France has been virtually frozen...
...unexpected Saint-Gobain defense prompted BSN accusations that the company itself had illegally financed the purchases. Although Vogüé denied any wrongdoing, French Premier Maurice Couve de Murville ordered two quiet government investigations. No matter what the outcome of the inquiries, the battle itself has put French businessmen on notice that the old days of secrecy, silence and short-changed stockholders have faded. From now on, even the most tradition-steeped French managements will have to produce results in the profit column or face the possibility of another such flamboyant takeover attempt...