Compagnie de Saint-Gobain Acquisition (6379K)
April 11 2018 - 12:08PM
UK Regulatory
TIDMCOD
RNS Number : 6379K
Compagnie de Saint-Gobain
11 April 2018
PRESS RELEASE
April 11(th) , 2018
china: Saint-Gobain increases its flat glass production
capacity
for the automotive market
Saint-Gobain announces that it has taken a 50% stake in a flat
glass production line of the Chinese group JJG, located in Zibo in
the Shandong province, North-East China, with a total annual
capacity of 160,000 tonnes.
This JV will allow Saint-Gobain to almost double its production
of basic glass in China, reinforcing the reliability of the flat
glass supply for its Sekurit automotive glass factories.
Saint-Gobain has been present in glass in China since 1994. It
already manages one flat glass production unit of 100,000 tonnes
per year in Qingdao in the Shandong province, and three production
units for automotive glass.
This investment is in line with the Group's strategy of
expanding its presence in emerging countries, reinforcing
Saint-Gobain's position in automotive glass in China.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate
change.
EUR40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
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62 44 29 62 30 10
Vivien Dardel +33 1 47 Laurence Pernot +33 1 47
Floriana Michalowska 62 35 98 Susanne Trabitzsch 62 43 25
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This information is provided by RNS
The company news service from the London Stock Exchange
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April 11, 2018 12:08 ET (16:08 GMT)
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