LONDON (REUTERS).- A
170-year-old British foundry that has made some of the world’s best
known
statues, including two of the lions in London’s Trafalgar Square and
Saddam
Hussein’s giant crossed-swords arch in Baghdad, faces closure. The
recession has
cut global demand for statues and rising metal prices have eroded
profits at
Morris Singer, a company that can trace its roots back to the 1840s.
London-based administrator MCR has been appointed to oversee the
business while
it looks for a buyer to rescue the loss-making foundry.