Compagnie de Saint-Gobain New capacity (7011L)

TIDMCOD

RNS Number : 7011L

Compagnie de Saint-Gobain

13 January 2016

January 13, 2016

Saint-Gobain is to increase its flat glass production capacity in India

Saint-Gobain is to invest around EUR135 million over the next two years to develop production capacity at its glass facility near Chennai, India's largest such facility.

A third flat glass production facility (the Group's fifth float in India) and a second coater for the construction market will be built on this site. The plant will produce premium high-performance, energy efficient glass using leading-edge technologies which contribute to the environment protection.

This initiative bolsters Saint-Gobain's position in flat glass as leader of the fast-growing Indian market, and is in line with the Group's strategy to increase the share of its industrial assets located outside Western Europe.

ABOUT SAINT-GOBAIN

Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of EUR38.3 billion*, Saint-Gobain operates in 66 countries and has more than 170,000 employees. For more information about Saint-Gobain, visit

www.saint-gobain.com and the twitter account @saintgobain, or download the "Saint-Gobain Shareholder" application for tablet and smartphone.

* restated excluding Verallia

 
 
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This information is provided by RNS

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January 13, 2016 03:19 ET (08:19 GMT)