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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cie de SaintGobain | EU:SGO | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.80 | 1.03% | 78.56 | 78.54 | 78.56 | 79.00 | 77.88 | 78.00 | 275,736 | 14:29:27 |
By Anthony Shevlin
Compagnie de Saint-Gobain SA (SGO.FR) said Wednesday that it has acquired a 50% stake in a flat-glass production line of the Chinese group JJG.
The French company said the production line has a total annual capacity of 160,000 tons and is located in the Shandong province in north-east China.
Saint-Gobain said the investment is in line with its strategy of expanding its presence in emerging countries and increases its flat-glass production capacity for the automotive market.
No financial details have been disclosed.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
April 11, 2018 12:27 ET (16:27 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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