Compagnie De Saint-gobain Share Discussion Threads

[adrian j boris] 07/11/2023 08:55

Saint-Gobain signs renewable electricity supply contract with Alpiq Energie France

By Hector Chaunu Published on 07/11/2023 at 08h34

(Boursier.com) — Saint-Gobain in France signed a 14-year Power Purchase Agreement (PPA) with Alpiq Energie France. This contract covers the purchase of electricity produced by two solar farms located in Moselle. Alpiq Energie France will supply more than 500 GWh of solar electricity to Saint-Gobain over the duration of the PPA. Thanks to this agreement, 11 of Saint-Gobain's French plants will be powered by 100% solar electricity.

[florenceorbis] 10/10/2023 17:40

Compagnie de Saint-Gobain Capital reduction (6877P)
10/10/2023 5:13pm
UK Regulatory (RNS & others)

Compagnie De Saint-gobain (LSE:COD)



Tuesday 10 October 2023


TIDMCOD

RNS Number : 6877P

Compagnie de Saint-Gobain

10 October 2023

SAINT-GOBAIN cancels 7.6 million shares

On October 10, 2023, Saint-Gobain cancelled 7,577,049 treasury shares purchased on the market.

Following this operation, the total number of shares composing the capital is 506 million and the number of shares outstanding is now 503 million, compared to 511 million at the end of December 2022.

To date in 2023, the Group has allocated a total of EUR496 million to buy back its own shares (net of employee shareholding transactions).

With over EUR1.5 billion in shares bought back since 2021, the Group is ahead of its EUR2 billion buyback target over five years (2021-2025).

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures

and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization

of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,

"MAKING THE WORLD A BETTER HOME".

EUR51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about the Group, visit www.saint-gobain.com and follow us on X @saintgobain

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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October 10, 2023 12:13 ET (16:13 GMT)

[ariane] 05/10/2023 04:33

Revasum, Inc. and Saint-Gobain Surface Solutions (SGSS) Join Forces to Innovate Silicon Carbide Wafer Grinding Technology
05 October 2023 - 03:59AM
PR Newswire (US)


SAN LUIS OBISPO, Calif., Oct. 4, 2023 /PRNewswire/ -- Revasum, Inc., a leading provider of advanced semiconductor manufacturing equipment, is thrilled to announce a strategic partnership with SGSS, a global leader in high-performance materials and innovative solutions. This partnership aims to revolutionize the semiconductor industry by developing a cutting-edge line of grinding wheels specifically designed for Silicon Carbide (SiC) wafers.

The future of Silicon Carbide Single-Wafer Processing (PRNewsfoto/Revasum)
Revasum Inc. and Saint-Gobain Surface Solutions (SGSS) Join Forces to Innovate Silicon Carbide Wafer Grinding Technology

Silicon Carbide is a critical material in the production of power devices and has gained significant prominence in the semiconductor industry due to its exceptional properties. The demand for SiC wafers has been steadily growing, and achieving the highest quality wafers is paramount to meet the evolving needs of the market.

The partnership between Revasum and SGSS represents a collaboration between two industry giants with a shared commitment to innovation and excellence. By combining Revasum's expertise in semiconductor manufacturing equipment with SGSS's cutting-edge abrasive materials, this alliance seeks to develop a new generation of surface finishing solutions that will set new standards for precision, efficiency, and surface quality in SiC wafer production with sustainability and environmental responsibility at the core of our collaboration. This partnership holds great promise for the semiconductor industry, paving the way for enhanced SiC wafer production processes that will contribute to the advancement of power electronics, electric vehicles, renewable energy, and various other technology sectors.

Mr. Scott Jewler, CEO of Revasum, Inc., commented on the partnership, saying, "We are excited to join forces with Saint-Gobain Surface Solutions, a renowned leader in materials science and innovation. This partnership will enable us to provide our customers with cutting-edge tools and solutions to address the increasing demand for high-quality Silicon Carbide wafers."

Mr. Jean-Claude Lasserre, CEO Saint-Gobain Surface Solutions stated, "Our collaboration with Revasum exemplifies our commitment to delivering high-performance materials and solutions that push the boundaries of what is possible. Together, we will unlock new levels of precision and efficiency in Silicon Carbide wafer grinding with highest levels of sustainable products and solutions."

Both Revasum, Inc. and SGSS are eager to embark on this journey of innovation and look forward to delivering groundbreaking solutions that will shape the future of Silicon Carbide wafer manufacturing.

For further information and inquiries about this partnership, please contact:

Nick Langston
VP Sales & Marketing, Revasum
[e-mail]

About Revasum, Inc.:

Revasum specializes in the design and manufacturing of capital equipment used in the semiconductor device manufacturing process. Our product portfolio includes grinding, polishing and CMP equipment used to manufacture substrates and devices for the global semiconductor industry. The company has leveraged its significant intellectual property portfolio to develop the new flagship 6EZ Silicon Carbid Polisher, which, alongside the 7AF-HMG Silicon Carbide Grinder, provides Revasum's customers with an optimized, fully automated single-wafer grind and polish toolset The solution is configurable for SiC wafers 200mm and below.

The company's headquarters and manufacturing facility is based in San Luis Obispo, California, United States.

About Saint-Gobain Surface Solutions

Saint-Gobain Surface Solutions, part of Saint-Gobain Group, is a global business creating surface solutions for a better world thanks to its product offer including Abrasives, Adhesives, Sealants, Tapes, Composites, Films. Its abrasives solutions are powerful, precise, user-friendly solutions, which enable customers to cut, shape and finish all materials in the most complex and challenging applications. By working closely with end-users and grinding expert partners, Saint-Gobain Surface Solutions designs and provides customized solutions to secure the best option for performance, cost and safety. Leveraging its global manufacturing presence in 28 countries, Saint-Gobain Surface Solutions serves its customers globally and locally through its structured sales operations, employing over 11,000 people.

As part of the Saint-Gobain Group, we believe in progress and seek to be a game-changer that improves individual and collective health and wellness. We are convinced that the solutions that meet everyone's essential needs and allow us to live better together, without jeopardizing future generations, are still to be invented. Our commitment to reach this ambitious objective is guided by our shared purpose: "MAKING THE WORLD A BETTER HOME".

For more information, please visit www.saint-gobain-abrasives.com





Cision View original content to download multimedia:

SOURCE Revasum

[waldron] 05/8/2023 21:50

Next events

26 Oct 2023
First nine months 2023 sales

October 26, 2023 after market closing.
(quiet period starting on October 9, 2023).

[waldron] 05/8/2023 21:45

Latest Dividends

Summary Previous dividend Next dividend

Status Paid Forecast

Type Final Final

Per share 200¢ Sign Up Required

Declaration date 23 Feb 2023 (Thu) 22 Feb 2024 (Thu)

Ex-div date 12 Jun 2023 (Mon) 10 Jun 2024 (Mon)

Pay date 14 Jun 2023 (Wed) 12 Jun 2024 (Wed)

[waldron] 05/8/2023 21:42

RNS Number : 8782H

Compagnie de Saint-Gobain

01 August 2023





SAINT-GOBAIN DIVESTS ITS FENCE, RAILING AND DECKING BUSINESS IN THE UNITED STATES

Saint-Gobain has today completed the sale of its US CertainTeed Fence, Railing and Decking Business (FRD), to Oldcastle APG, a CRH Company

The FRD business generated sales of around EUR60 million in 2022, with two industrial locations in the Buffalo (New York) and Orem (Utah) areas, employing approximately 210 people.

These divestments are part of Saint-Gobain's continued business profile optimization strategy, in line with its "Grow & Impact" plan.

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures

and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization

of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,

"MAKING THE WORLD A BETTER HOME".

EUR51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DISMZGGRVMGGFZG

(END) Dow Jones Newswires

August 01, 2023 02:12 ET (06:12 GMT)

[ariane] 01/8/2023 06:20

Compagnie de Saint-Gobain

01 August 2023





SAINT-GOBAIN DIVESTS ITS FENCE, RAILING AND DECKING BUSINESS IN THE UNITED STATES

Saint-Gobain has today completed the sale of its US CertainTeed Fence, Railing and Decking Business (FRD), to Oldcastle APG, a CRH Company

The FRD business generated sales of around EUR60 million in 2022, with two industrial locations in the Buffalo (New York) and Orem (Utah) areas, employing approximately 210 people.

These divestments are part of Saint-Gobain's continued business profile optimization strategy, in line with its "Grow & Impact" plan.

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures

and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization

of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,

"MAKING THE WORLD A BETTER HOME".

EUR51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain


END

[waldron] 26/6/2023 16:35

26 June 2023





SAINT-GOBAIN STRENGTHENS ITS PRESENCE IN

CONSTRUCTION CHEMICALS IN EGYPT

Saint-Gobain has completed the acquisition of United Paints and Chemicals S.A.E. ("Drymix"), a ready-mix mortars manufacturer serving the construction industry in Egypt.

Established in 1997, Drymix has become a generic name for ready-mix mortars in Egypt, and offers a large portfolio of products, services and training programs for craftsmen in the country. The company currently employs 185 people in its plant in "6th of October city", located 45 km from Cairo.

Saint-Gobain has been present in Egypt since 2006, operating 7 manufacturing plants and employing 575 people. This acquisition accelerates its growth in the country by enhancing the range of solutions offered across glass, gypsum and construction chemicals. It follows the recent inauguration of a Saint-Gobain plant producing technical mortars (adhesive and waterproofing) in Egypt and the acquisition of IDP Chemicals in admixtures at the beginning of 2023.

The acquisition of Drymix is in line with Saint-Gobain's strategic plan, "Grow & Impact", which aims to both strengthen the Group's leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.

[ariane] 09/6/2023 06:28

08 June 2023





GENERAL SHAREHOLDERS' MEETING, JUNE 8, 2023

The General Shareholders' Meeting of Compagnie de Saint-Gobain was held today in Paris.

At this meeting, the shareholders present or represented held an aggregate 69.19% of the outstanding shares and all resolutions were adopted.

The shareholders approved the payment of a dividend up 23% to 2EUR per share (compared to EUR1.63 for fiscal year 2021), to be wholly paid in cash. The ex-dividend date will be June 12, 2023, and the dividend payment will be made as from June 14, 2023.

The General Shareholders' Meeting also renewed the term of office of Ms. Dominique Leroy, independent Director, and appointed Ms. Jana Revedin as a new independent Director.

A webcast of the General Shareholders' Meeting and the results of the vote on each resolution will be available on the Company's website ( www.saint-gobain.com ) as from June 9, 2023.

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures

and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization

of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,

"MAKING THE WORLD A BETTER HOME".

EUR51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

[la forge] 30/3/2023 06:35

30 March 2023

SAINT-GOBAIN ACHIEVES THE FIRST FLAT GLASS PRODUCTION using MORE THAN 30% HYDROGEN

Saint-Gobain is the first manufacturer in the world to carry out a test production of flat glass using more than 30% hydrogen during Research & Development (R&D) trials at the Herzogenrath site in Germany.

With this world first, Saint-Gobain has proven the technical feasibility of manufacturing flat glass with a significant proportion of hydrogen, which will complement other decarbonized energy sources and will reduce the site's direct CO(2) emissions (scope 1) by up to 70%.

This strengthens Saint-Gobain's position as a world leader in sustainable construction and confirms its leading role in helping to build a carbon neutral economy.

A European R&D program

This technical feat was made possible by an R&D program launched in 2022, drawing on the Group's extensive expertise in combustion, glass quality, ceramic refractories materials and industrial furnace design. The program in question is carried out in collaboration with the independent German laboratory Gas and Heat Institute Essen e.V. (GWI), a specialist in industrial gas technologies, and financially supported by the Land of North Rhine-Westphalia to the amount of 3.64 million euros.

These industrial tests in Herzogenrath have been preceded on a laboratory scale by trials carried out in two research centers in France: Saint-Gobain Research Paris in Aubervilliers and Saint-Gobain Research Provence in Cavaillon.

Analysis of the data from these tests will make it possible to deploy the use of hydrogen in the Group's floats in the decades to come, when low-carbon hydrogen is available in sufficient quantities.

This breakthrough innovation marks a new milestone in Saint-Gobain's roadmap towards carbon neutrality in 2050. It complements R&D initiatives on the electrification of glass melting and notable achievements, such as the world's first zero-carbon production of flat glass at Aniche in May 2022 , thanks to 100% cullet and 100% decarbonized energy (biogas).

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures

and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization

of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,

"MAKING THE WORLD A BETTER HOME".

EUR51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

Visit www.saint-gobain.com and follow us on Twitter @saintgobain

[waldron] 02/12/2021 20:35

30 November 2021

PRESS RELEASE

November 30, 2021

SAINT-GOBAIN ahead in buyback program

announced as part of its "Grow & IMPACT" plan

Saint-Gobain announces that it has already bought back over 8.5 million of its shares in 2021 (net of offsetting employee share creation) for a total of around EUR500 million, ahead of its target to buy back EUR2 billion of shares over five years (2021-2025) as part of its "Grow & Impact" plan presented at the Capital Markets Day in early October.

On November 30, 2021, Saint-Gobain cancelled 8,543,174 treasury shares acquired on the market.

Following this operation, the total number of shares composing the capital is 524 million shares and the number of shares outstanding is now 521 million, compared to 530 million at end-December 2020.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

EUR38.1 billion in sales in 2020

More than 167,000 employees, located in 72 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain

visit www.saint-gobain.com and follow us on Twitter @saintgobain

[waldron] 02/12/2021 20:34

Saint-Gobain would be interested in the takeover of the American company GCP Applied Technologies according to Bloomberg.

Oddo indicates that if the American group RPM International would also be on the ranks, Holcim could also look at this asset.

"The credibility of such a transaction will lie in Saint-Gobain's ability to convince the market of its ability to turn around GCP Applied Technologies' profitability," the analyst said.

"On the basis of a premium of 40% on the 29/11 price, the price to be paid would be $ 2.3 billion without ensuring the success of the operation given potential contenders".

"According to our calculations, the ROCE of the three-year operation (2024) would be 7.7% for an EV/EBITDA of 8.5x (cost of debt at 2.2% and synergies at $70 million or 6% of turnover)," adds Oddo.

The analysis office confirms its outperformance recommendation on the stock with a price target of 80 E.

[misca2] 06/6/2020 11:04

Jul 30 2020

Results for First-Half 2020, after market closing (quiet period starting on July 8, 2020)

[waldron] 28/5/2020 19:33

Saint-Gobain to drop its shareholding in Swiss chemical maker Sika
This content was published on May 27, 2020 9:01 AM May 27, 2020 - 09:01
Sika

Sika has more than 300 plants worldwide
(Keystone)

The French building materials and distribution group Saint-Gobain has announced the sale of its 10.75% stake in the capital of the Swiss chemical manufacturer Sika.

Saint-Gobain said in a press releaseexternal link on Tuesday that it would dispose of “of its entire stake in Sikaexternal link of approximately 15.2 million shares, representing 10.75% of Sika’s share capital”, without mentioning any financial amount.

According to an AFP calculation, at the current Sika share price the transaction would be valued at some €2.5 billion (CHF2.65 billion). The result and the final terms of the private placement will be announced on Wednesday “at the latest”, according to Saint-Gobain’s press release.

Sika, a specialist in sealants and adhesives with origins dating back to 1910, employs some 25,000 people and has more than 300 plants worldwide. The group, headquartered in Baar, canton Zug, achieved record sales of CHF8.1 billion ($8.38 billion) in the financial year 2019.

Long conflict

In May 2018 Sika and Saint-Gobain reached an agreement to end an almost four-year legal disputeexternal link.

The complex deal saw Saint-Gobain acquiring all outstanding shares of Schenker-Winkler Holding (SWH) from the Burkard family, heirs to the founder of Sika, for a purchase price of CHF3.22 billion.

The dispute over Sika had been raging since 2014 when Saint-Gobain offered CHF2.75 billion to buy the Burkhard’s controlling stake – comprising just 16% of the share capital but 53% of voting rights. Sika’s board objected, and the warring sides were locked in a stalemate in what became an expensive battle in the courts and a rare example of Swiss corporate enmity spilling into the public eye.

[florenceorbis] 27/5/2020 07:01

RNS Number : 0501O

Compagnie de Saint-Gobain

27 May 2020

PRESS RELEASE

May 27, 2020, at 8:00 am

SAINT-GOBAIN GROUP COMPLETES SALE OF SIKA SHARES FOR CHF2.56 BILLION

-- Saint-Gobain today announces the successful completion of the sale by its subsidiary Schenker-Winkler Holding AG of approximately 15.2 million Sika shares, representing its full stake of 10.75% of Sika's share capital, for a total of CHF2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated book-building process.

-- As a result of this disposal, Saint-Gobain has generated gross gains of EUR1.54 billion since May 2018.

The disposal of the stake in Sika enables Saint-Gobain to strengthen its balance sheet. Saint-Gobain acquired its 10.75% stake in Sika as part of a global agreement with Sika and the Burkard family in May 2018. The Sika shares were held as an equity investment and Saint-Gobain has chosen to recognize any change in the fair value of the Sika shares directly in equity.

Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain, commented:

"The Sika shareholding has been an outstanding investment for Saint-Gobain over the past two years. We have completed the sale at a price of CHF2.56 billion, equivalent to around EUR2.41 billion, compared to a purchase price of EUR933 million in May 2018. Realizing such an outstanding return on this investment is a very positive development for the Group. The proceeds from the disposal will strengthen Saint-Gobain's balance sheet, increase its financial flexibility and liquidity position in a market environment that remains uncertain. As mentioned at the end of April, depending on how the situation evolves Saint-Gobain will review the Group's shareholder return policy by the end of the year. "

Citigroup acted as Sole Global Coordinator on the Private Placement.

Citigroup and Lazard acted as financial advisers to Saint-Gobain .

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

EUR42.6 billion in sales in 2019

Operates in 68 countries

More than 170,000 employees

For more information about Saint-Gobain

Visit www.saint-gobain.com

and follow us on Twitter @saintgobain

[waldron] 16/5/2020 08:27

4/27/2020 | 07:35am BST

Analyst Elodie Rall from JP Morgan research gives the stock a Neutral rating. The target price has been revised upwards and is now set at EUR 28, compared with EUR 27 previously.

[waldron] 16/5/2020 08:25

Jun 04 2020 3:00pm
Annual General Meeting (A.G.M.)

Jul 30 2020
Results for First-Half 2020, after market closing (quiet period starting on July 8, 2020)

Oct 29 2020
2020 Nine months sales, after market closing (quiet period starting on October 8, 2020)

[grupo] 08/2/2020 13:38

Saint-Gobain signs VPPA for Blooming Grove wind farm in US

PowerWindProject

By NS Energy Staff Writer 07 Feb 2020

Saint-Gobain will buy 120MW of energy from the wind farm that is scheduled to be operational in late this year
windrader-1048981_640

Saint-Gobain signs VPPA with Invenergy for Blooming Grove wind farm in US. (Credit: Pixabay/Oimheidi)

Saint-Gobain North America has signed a virtual power purchase agreement (VPPA) with Invenergy to purchase power from 250MW Blooming Grove wind farm in Illinois.

Under the 12-year agreement, which supports the construction of the project, Saint-Gobain North America will obtain renewable energy certificates (RECs) to offset approximately 40% of the CO2 emissions associated with powering its US operations.

It is expected to result in a 41% reduction in Saint-Gobain’s overall carbon footprint in the country by 21%.
Saint-Gobain will purchase 120MW of energy from the Blooming Grove wind farm

As part of the deal, the firm will secure 120MW of energy from the wind farm that will help green the electrical grid transmitted by PJM Interconnection.

Saint-Gobain North America energy and stewardship, sustainability Director Ryan Spies said: “Though the clean energy that’s developed at Blooming Grove Wind Farm won’t be powering our facilities directly, it was important for us to support the construction of renewable energy in a place where it’s needed.

“As a large consumer of energy across the U.S., including in PJM’s grid, we recognize the tremendous positive impact we can make on addressing the climate crisis.”

Scheduled to be operational in late this year, the wind project is being developed by Invenergy, a privately held global developer and operator of sustainable energy solutions.

In January, WEC Energy Group, a Milwaukee-based energy company, agreed to acquire a 80% stake in the 250MW Blooming Grove wind farm, for a total of $345m.

Infrastructure and Energy Alternatives (IEA), an infrastructure construction company, secured a contract to construct the Blooming Grove wind project.

The scope of IEA’s work on the wind project includes construction of project roads, turbine foundations, and erection of turbines.

When operational, the wind farm is expected to pay $119m to the local community in the form of property taxes and land payments and local wages and benefits.

[ariane] 07/12/2019 08:30

12/05/2019 | 12:01pm GMT

On November 18, Saint-Gobain celebrated laying the foundation stone of its new plaster plant in Yangzhou, Jiangsu province, China.

Construction of this new plant is scheduled for completion in early 2021. It will have an annual production capacity of 600,000 metric tons of plaster products. This production line will without a doubt be the most modern in Asia.

The plant's production processes will not create any wastewater and raw material waste will be reused as part of a circular economy approach. The Chinese market has high potential and vast capacity. With its transition to the green economy, the eco-innovative solutions can help meet the demand for green materials. Saint-Gobain will continue to invest in the Chinese market to provide efficient and environmentally friendly solutions.

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Compagnie de Saint Gobain SA published this content on 05 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 December 2019 12:00:08 UTC

[florenceorbis] 29/11/2019 08:17

Sika: Baader Helvea goes from buy to HOLD with a target price UP FROM 165 to 187 CHF.

[sarkasm] 12/11/2019 22:21

Continental Building Products Inc. (CBPX) has reached a deal to be acquired by France's Compagnie de Saint-Gobain SA (SGO.FR), the Virginia-based company said Tuesday.

Under the terms of the deal, Continental would be merged into a newly formed subsidiary of Saint-Gobain, and the French multinational would pay $37 a share.

Continental's stock was boosted by a Bloomberg report on the deal, closing Tuesday at $35.75, up 12%.

Continental went public in 2013.



Write to Maria Armental at [e-mail]



(END) Dow Jones Newswires

November 12, 2019 16:56 ET (21:56 GMT)