SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 13, 1997
Lone Star Industries, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-2333 13-0982660
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
300 First Stamford Place, P. O. Box 120014, Stamford, CT 06912-0014
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 969-8600
ITEM 5. OTHER EVENTS.
On October 13, 1997 Lone Star Industries, Inc. made public
disclosure of the following by a press release for immediate release:
Lone Star Industries, Inc. (NYSE/LCE) announced
today that it has sold to Tilcon New York, Inc. and
certain affiliates its New York construction
aggregates operations, including working capital,
for proceeds of approximately $40.0 million.
Proceeds from the sale will be invested in Lone
Star's cement operations. The Company is
increasing the annual production capacity of its
Cape Girardeau, Missouri cement plant by 100,000
tons to 1.3 million tons. The project will be
completed in the spring of 1998 and will cost
approximately $12.5 million.
Also, Lone Star is doubling the size of its New
Orleans, Louisiana distribution terminal by adding
50,000 tons of new capacity. The Company is also
installing a state-of-the-art ship and barge
unloading system to handle foreign and domestic
portland cement. This project will cost
approximately $16.5 million.
As previously announced, the Company is increasing
the annual production capacity at its New Orleans
slag cement facility from 225,000 tons to 600,000
tons. The expanded capacity will be on line in
early 1998. The Company is also enlarging its
Memphis, Tennessee distribution terminal for slag
cement and is building new slag cement distribution
terminals in Atlanta, Georgia and Northern Florida.
These projects will cost approximately $18 million.
Lone Star Industries, Inc. is a producer of cement
and ready-mixed concrete.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Lone Star Industries, Inc. has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
LONE STAR INDUSTRIES, INC.
By: /s/ James W. Langham
James W. Langham
Vice President
Date: October 13, 1997
