LONE STAR <LCE> FORMS JOINT VENTURE
Lone Star Industries Inc said
it formed a joint venture with Monier Ltd of Australia to make
and sell concrete railroad ties in North America.
    The equally owned venture, Lone Star Monier Concrete Tie
Co, initially will operate a new Denver, Colo., plant that will
make 1.75 mln ties ordered by Burlington Northern Inc <BNI>.
    In addition, the venture will market ties made at Lone
Star's existing Massachusetts facilities.
    Based in Chatswood, New South Wales, Monier is a
manufacturer of building and construction products and concrete
ties.
 Reuter
