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"It's only offset part of it," said Frank Mendizabal, a spokesman for Weyerhaeuser, the paper and building materials maker.
Owens Corning, the building materials maker, was typical of old-economy companies that turned more toward cash and restricted stock.
His father was a research chemist at Armstrong World Industries, the floor and ceiling materials maker in Lancaster, Pa.
A packaging materials maker, the Bemis Company, agreed yesterday to acquire the specialty plastic films business of the Viskase Companies for $245 million.
Correction: September 25 , 2002 Wednesday An article in World Business on Sept. 5 about CRH, a building materials maker, referred incorrectly to its market share in Ireland.
An article in World Business on Sept. 5 about CRH, a building materials maker, referred incorrectly to its market share in Ireland.
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Materials makers lost 0.6 percent, the second most in the benchmark index.
Asbestos claims have forced at least six other building materials makers to seek Chapter 11 protection since the early 1980's.
2.Leggett & Platt, industrial-materials maker.
The world's largest building-materials maker, Lafarge of France, raised its hostile bid for Blue Circle Industries, the biggest British cement maker, to $3.65 billion $5.76 billionon).
This serendipitous match between designer and material maker is, unfortunately, a rare exception.
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