SLATER <SSI.A.TO> PLANS U.S. MODERNIZATION
Slater Industries Inc said it planned a
15 mln dlr modernization of its Slater Steels Corp Fort Wayne
specialty bar division in Indiana.
    It said the modernization would involve replacement of the
existing bar mill with a high-speed, quick-change continuous
mill. The new facility will lower labor and mill costs and
enhance product quality and range, Slater said.
    Completion date of the new mill was undisclosed.
 Reuter
