	hoogovens concludes takeover of philips cirex unit dutch steel concern hoogovens groep bv said it had reached agreement with nv philips gloeielampenfabrieken pglo as on its takeover of cirex a specialised philips precision wax moulding unit neither party would reveal financial details of the deal initially announced in october hoogovens said cirex turnover had grown in recent years to mln guilders in and it expected further expansion the unit delivers mainly to the car industry hoogovens said the uisition would strengthen its position as a supplier to industry of high value metal products reuter 
