Saint-Gobain in Russia
June 28 2004 - 1:20PM
UK Regulatory
RNS Number:2306A
Compagnie de Saint-Gobain
28 June 2004
June 28th, 2004
press release
Saint-Gobain to increase production of glass wool
in Russia
In the light of steadily increasing demand for good quality insulation in Russia
and in the neighbouring countries, Saint-Gobain Isover has decided to more than
triple its glasswool capacity in its Yegorievsk Russia glasswool plant, in the
Moscow region.
The investment will be made by Saint-Gobain Isover, through its Finnish
subsidiary Saint-Gobain Isover Oy. 7 months after the launching of its first
line, the construction of a second glasswool line has just started, and
production will begin during the summer of 2005.
The previous investment at the Yegorievsk plant was a medium size glass wool
line with about 100 employees. The line started operations in October 2003 and
has been running at full capacity since start up.
The new investment will create about 100 new jobs directly at the Yegorievsk
plant.
Saint-Gobain Isover has had sales operations in Russia already since 1993 and
the sales have grown steadily during these years. Today Saint-Gobain Isover is
the second largest insulation manufacturer in Russia. The Yegorievsk plant is
the first ISOVER glass wool factory in Russia. Before this new investment
Saint-Gobain Isover has about 240 employees in its Russian sales and
manufacturing companies.
Investor Relations Department
Mrs Florence TRIOU-TEIXEIRA Tel. : +33 1 47 62 45 19
Mr. Alexandre ETUY Tel. : +33 1 47 62 37 15
Fax : +33 1 47 62 50 62
This information is provided by RNS
The company news service from the London Stock Exchange
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