Compagnie de Saint-Gobain Disposal (3299I)
November 23 2018 - 3:23AM
UK Regulatory
TIDMCOD
RNS Number : 3299I
Compagnie de Saint-Gobain
23 November 2018
PRESS RELEASE
November 23, 2018
SAINT-GOBAIN SELLS PART OF ITS PIPE ACTIVITY IN CHINA
Saint-Gobain has finalized the sale of the entities of its
Xuzhou site in China and its industrial and property assets to
Nanjing Manyuan Technology Co.,Lt. (NMT) for approximately EUR200
million at current exchange rates. The transaction was approved by
the Ministry of Commerce of the People's Republic of China
(MOFCOM).
This site is one the Group's two Pipe manufacturing facilities
in China, specialized in the production of ductile cast iron pipes
and fittings. In 2017, its turnover amounted to approximately
EUR250 million.
This operation is part of the divestment program announced by
the Group at the end of July 2018. It is an integral part of the
Pipe activity's worldwide plan to improve its competitiveness.
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
4429
+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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