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SGO Cie de SaintGobain

77.70
2.00 (2.64%)
03 May 2024 - Closed
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
  2.00 2.64% 77.70 77.60 77.98 78.38 75.94 76.30 1,131,997 16:40:00

Saint-Gobain to Modernize Romanian Stonewool Production Line

28/03/2018 5:54pm

Dow Jones News


Cie de SaintGobain (EU:SGO)
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   By Max Bernhard 
 

Compagnie de Saint-Gobain SA (SGO.FR) said Wednesday that it plans to modernize the stonewool production line at its Isover plant in Romania, in order to increase and expand production and meet rising demand for insulation products in South-East Europe.

The renovation of the plant in Ploiesti is expected to increase production capacity to 30,000 tons a year and the modernized stonewool production line is due to start operating in the second half of 2019, Saint-Gobain said.

Saint-Gobain's Ploiesti has been operating since 1997 and a glass wool production line is currently being modernized, the company said.

 

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

March 28, 2018 12:39 ET (16:39 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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