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SGO Cie de SaintGobain

80.10
1.38 (1.75%)
Last Updated: 10:03:33
Delayed by 15 minutes
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
  1.38 1.75% 80.10 80.08 80.10 80.12 79.02 79.16 112,727 10:03:33

Saint-Gobain Inaugurates its Fourth Float in India

27/10/2014 6:06pm

PR Newswire (US)


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PARIS, October 27, 2014 /PRNewswire/ --

On October 27, 2014, Vasundhara Raje, Chief Minister of Rajasthan, inaugurated a new flat glass (float) production plant in India, in the presence of François Richier, French Ambassador to India, and Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain. 

Located in Bhiwadi, near New Delhi, in the State of Rajasthan, this line started production in March 2014 following more than three years of work and an investment totaling 140 million euros.

This float line covers a surface area of 27 acres and has an annual production capacity of 300,000 metric tons of flat glass, making it the largest of its kind in India. It is Saint-Gobain's fourth float line in the country and it produces clear, tinted and solar control glass essentially for the Indian construction and automotive markets.

The construction site for this plant had an excellent safety record. The site, which offers rainwater collection facilities and showcases a number of environmental protection initiatives, clearly demonstrates the Group's commitment to sustainable habitat. It adopts the industrial excellence methods applied worldwide by the Group.

With this new float glass plant in India, Saint-Gobain Glass is now present in the south, west and north of the country, ensuring a long-term geostrategic advantage for the company, which is positioned as the flat glass leader in the region.

This investment is a milestone for Saint-Gobain in its development strategy in high-growth countries.

About Saint-Gobain 

Saint-Gobain, the world leader in the habitat and construction markets, designs manufactures and distributes building and high-performance materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of €42 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit http://www.saint-gobain.com or download the new "Saint-Gobain Shareholder" application for tablets and smartphones.

About Saint-Gobain Glass 

Saint-Gobain Glass incorporates all Saint-Gobain basic glass production plants: flat glass, coated glass, tinted glass, laminated glass, silvered glassand patterned glass. Designed to be transformed and marketed, these products meet energy saving, solar protection, safety, comfort and aesthetic requirements. Employing close to 9,300 employees, Saint-GobainGlass relies on a strong global network of float and coater facilities. To find out more about Saint-Gobain Glass, visit the website http://www.saint-gobain-glass.com.

Analyst/Investor Relations     
Gaetano Terrasini  +33-1-47-62-32-52
Vivien Dardel      +33-1-47-62-44-29
Marine Huet        +33-1-47-62-30-93
Media Relations
Sophie Chevallon   +33-1-47-62-30-48
Susanne Trabitzsch +33-1-47-62-43-25
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SOURCE Saint-Gobain

Copyright 2014 PR Newswire

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