We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Compagnie De Saint-gobain | LSE:COD | London | Ordinary Share | FR0000125007 | COMPAGNIE DE ST-GOBAIN ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 70.725 | 67.30 | 74.25 | 8,745 | 08:00:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 0 |
TIDMCOD
RNS Number : 4038W
Compagnie de Saint-Gobain
21 December 2021
PRESS RELEASE
December 21, 2021
SAINT-GOBAIN TO REINFORCE ITS LEADERSHIP POSITION IN THE
LIGHT AND SUSTAINABLE CONSTRUCTION MARKETS IN INDIA
BY ENTERING THE STONE WOOL INSULATION MARKET
Saint-Gobain has entered into a definitive agreement with Alghanim group for the acquisition of its 100% subsidiary, Rockwool India Pvt Ltd., a major manufacturer of stone wool in India with a wide range of insulation products for thermal, acoustic and fire safety applications. Rockwool India Pvt Ltd. is a licensee of Saint-Gobain technology for the manufacture of stone wool in India.
Rockwool India has two manufacturing facilities in India, one in Hyderabad and another in Silvassa, with a total capacity of around 50,000 tons. It has a strong marketing network across the country.
This acquisition is fully in line with Saint-Gobain's "Grow & Impact" plan and will strengthen the Group's presence and accelerate its growth in Asia, in particular in India.
Saint-Gobain India is a leader in promoting green buildings in the country with its solutions for light and sustainable construction and thanks to its market and customer led innovation. The Group currently operates 29 plants across India and has been investing for growth in the country in recent years, it as well as developing solutions that combine sustainability and performance.
Entering into insulation in India, the Group will reinforce its presence in the country, adding to its leading positions in glass, gypsum and construction chemicals.
This transaction is subject to the completion of conditions set out in the agreement and approvals from the competent authorities. It is expected to be completed in first quarter of 2022.
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".
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
Analyst/Investor relations Press relations +33 1 88 54 +33 1 88 54 29 77 26 83 +33 1 88 54 Patricia Marie +33 1 88 54 Vivien Dardel 19 09 Bénédicte 14 75 Floriana Michalowska +33 1 88 54 Debusschere +33 1 88 54 Christelle Gannage 15 49 Susanne Trabitzsch 27 96 ----------------------- -------------- --------------------- --------------
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 rns@lseg.com 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
ACQTBBRTMTMTBJB
(END) Dow Jones Newswires
December 21, 2021 12:04 ET (17:04 GMT)
1 Year Compagnie De Saint-gobain Chart |
1 Month Compagnie De Saint-gobain Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions