Development (7123K)
July 20 2011 - 2:56AM
UK Regulatory
TIDMCOD
RNS Number : 7123K
Compagnie de Saint-Gobain
20 July 2011
July 20, 2011
Saint-Gobain expands its Insulation Business in Japan and
Russia
Construction of a New Glass Wool Plant in Japan
To more effectively serve customers in western Japan,
Saint-Gobain plans to build a new glass wool production facility
near Osaka in the Kansai region through its local subsidiary
Mag-Isover, Japan's leading insulation manufacturer.
With planned capacity of 60,000 tonnes, the plant is scheduled
to come on stream before the end of 2013. Representing a total
investment of around EUR140 million, the plant will directly employ
more than one hundred people. Its output will add to the 90,000
tonnes of glass wool currently being produced by the Mag-Isover
facilities located near Tokyo in the Kanto region. This will bring
the company's total production capacity across its four plants to
150,000 tonnes.
This investment comes at a time when Japan urgently needs to
reduce its energy consumption. Buildings account for 30% to 40% of
the energy consumed in the country, and therefore offer enormous
energy saving potential, particularly in the areas of heating and
air conditioning.
Acquisition of Linerock in Russia
Saint-Gobain is also pursuing its expansion in Russia, where the
Insulation Activity has acquired Linerock, a company based in
Tcheliabinsk. Linerock is the Ural region's leading manufacturer of
rock wool products, the most widely used insulation materials in
the Commonwealth of Independent States (CIS). The company employs
over 500 people and reported consolidated revenues of around EUR25
million in 2010.
The Linerock acquisition will enable Isover to extend its
geographical presence and enhance its product range to become a
major player in Russia's fast-growing insulation market.
The transaction is fully aligned with the Group's strategy to
expand its operations in a region experiencing remarkably dynamic
growth and offering considerable development potential.
About Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction
markets, designs, manufactures and distributes building materials,
providing innovative solutions to the challenges of growth, energy
efficiency and environmental protection. With 2010 sales of EUR40.1
billion, Saint-Gobain operates in 64 countries and has nearly
190,000 employees. For more information about Saint-Gobain, please
visit www.saint-gobain.com.
Analyst/Investor Relations Press Contact
---------------------------------- --------------------------------
Florence Triou-Teixeira +33 1 Sophie Chevallon +33 1 47 62 30
47 62 45 19 48
Etienne Humbert +33 1 47 62 30
49
Vivien Dardel +33 1 47 62 44 29
---------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCRMMFTMBATMAB
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Jul 2023 to Jul 2024