Acquisition (5968H)
May 31 2011 - 11:51AM
UK Regulatory
TIDMCOD
RNS Number : 5968H
Compagnie de Saint-Gobain
31 May 2011
May 31, 2011
Saint-Gobain announces the acquisition of Sezal Glass Ltd's
float glass business in India
Saint-Gobain Glass India has just signed a definitive binding
agreement concerning the acquisition of Sezal Glass Ltd's float
glass business in India. Through this deal, Saint-Gobain Glass
India will acquire a new float plant located in the district of
Bharuch, in Gujarat, together with its business assets. Brought on
stream in February 2010, this float has a daily production capacity
of 550 tons of flat glass to supply the architectural market.
This harmoniously completes the industrial presence of
Saint-Gobain Glass in India: a large manufacturing complex close to
Chennai (two float plants, one magnetron line to produce coated
glass, a mirror line, automotive glass processing plants, and a
transformation facility for the architectural glass segment),
automotive glass processing plants in Pune and a new float under
construction near Delhi, operational early 2012.
This latest investment is another illustration of the
Saint-Gobain Group strategy which aims to increase its presence in
high-growth countries, and offer on these markets a vast range of
high quality products, including the most advanced glass solutions
in terms of comfort and energy performance.
Located in 64 countries with nearly 190,000 employees,
Saint-Gobain, the world leader in the habitat and construction
markets, designs, manufactures and distributes building materials,
providing innovative solutions to meet growing demand for energy
efficiency and for environmental protection. Saint-Gobain's Flat
Glass Business produces, processes and markets glass products for
three main markets: construction, transport (automotive,
aeronautics, rail and industrial conveyors), and solar power. World
leader for coated glass, Saint-Gobain Glass covers all the Flat
Glass business's primary glass manufacturing facilities and is
supported by a powerful worldwide production network comprising
floats and coaters.
Analyst/Investor relations Press relations
------------------------------------------ ---------------------------------
Florence TRIOU-TEIXERA +33 1 47 62 Sophie CHEVALLON +33 1 47 62 30
45 19 48
Etienne HUMBERT +33 1 47 62 30 49
Vivien DARDEL +33 1 47 62 44 29
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This information is provided by RNS
The company news service from the London Stock Exchange
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