TIDMCOD

RNS Number : 9578B

Compagnie de Saint-Gobain

09 April 2013

April, 9, 2013

Saint-Gobain PAM wins $200 million

(around EUR154 million) contract in Kuwait

Saint-Gobain PAM, the parent company of Saint-Gobain's Pipe Activity, today signed a contract (Az-Zour) to supply pipes and fittings for the Kuwait Ministry of Electricity & Water. The

$200 million (around EUR154 million) contract represents a total order of 120 000 metric tons of large-diameter ductile cast iron pipes for the Pont-à-Mousson plant in France.

The contract will be executed over a period of 15 months.

An initial order under the contract, worth $40 million (around EUR31 million), has already been recorded, with delivery scheduled for the end of the second quarter. A second order, worth around $80 million (around EUR61 million), should be executed in the second half of the year.

This contract reflects Saint-Gobain PAM's position as a world leader in drinking water supply systems - an area with considerable growth potential in the years ahead -, as well as its contribution to the Group's strategy through its ability to offer appropriate solutions to major societal and environmental challenges in both mature and fast-growing economies.

Saint-Gobain's Pipe Activity, which employs 10,000 people around the world, generated sales of EUR1.6 billion in 2012.

More 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 2012 sales of EUR43.2 billion, Saint-Gobain operates in 64 countries and has nearly 193,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com.

 
 
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