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Saint-Gobain has merged Vetrotex, its reinforcements and composites business, with its counterpart at US supplier Owens Corning.
The company will be named OCV Reinforcements, and will have a global turnover of £900m.
Around a quarter go at collapsed steelwork firm
Firm says lack of lorry drivers also starting to have impact
Housebuilder expects operating profit to be around £820m this year
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