Compagnie de Saint-Gobain New facility (8553M)
January 11 2019 - 2:06AM
UK Regulatory
TIDMCOD
RNS Number : 8553M
Compagnie de Saint-Gobain
11 January 2019
PRESS RELEASE
January 11, 2019
SAINT-GOBAIN INCREASES ITS flat glass PRODUCTION CAPACITY
in ColOmbia
Saint-Gobain announces that Tecnoglass has taken a minority
share in the capital of its Colombian subsidiary Vidrio Andino.
Tecnoglass is a leading manufacturer of glass windows and façades
in the region.
Within the framework of this partnership, Vidrio Andino will
build a new float in Colombia to meet growing demand for glass in
this region.
The float will be located near the city of Barranquilla, on the
Caribbean Sea, and will offer a solid manufacturing base for
domestic and export markets. This new capacity will increase
Saint-Gobain's daily production by 750 metric tons of glass
dedicated to architectural projects in the region. Initial
production is planned for 2021. As part of this partnership,
Tecnoglass and Vidrio Andino signed a long-term procurement
contract stipulating the supply of glass from this float.
Saint-Gobain already operates one float in Colombia, in Soacha,
near Bogota.
This investment is in line with the Group's strategy of
expanding its presence in emerging countries and an excellent
opportunity to consolidate and strengthen Saint-Gobain's long-term
position in the region, especially at this important geographical
junction between the South American and North American markets.
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
+33 1 47 62
44 29
+33 1 47 62 +33 1 47 62
Vivien Dardel 35 98 30 10
Floriana Michalowska +33 1 47 62 Laurence Pernot +33 1 47 62
Christelle Gannage 30 93 Susanne Trabitzsch 43 25
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END
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