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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 | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 2.64% | 77.70 | 77.60 | 77.98 | 78.38 | 75.94 | 76.30 | 1,131,997 | 16:40:00 |
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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