Compagnie de Saint-Gobain Production capacities expansion (2721R)

TIDMCOD

RNS Number : 2721R

Compagnie de Saint-Gobain

03 November 2021

PRESS RELEASE

November 3, 2021

SAINT-GOBAIN to Invest more tHAN $400 Million to expand production capacities in the United states

Saint-Gobain has decided to invest more than $400 million over the next four years to expand roofing, insulation and gypsum production capacities at four key manufacturing locations in the Southeastern United States and in California.

These new capacities will apply the best available techniques in terms of industrial performance, safety and respect for the environment. The combined investments will reduce waste by more than 50% and CO(2) emissions by more than 20% compared to existing manufacturing technology.

These investments are fully in line with the new strategic plan "Grow & Impact" and aim at both strengthening the Group's leadership in North America and accelerating its growth in the region by enriching its comprehensive range of solutions for light and sustainable construction, with 45% of all construction products spend in North America in light construction.

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 70 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

 
 
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                            +33 1 88 54   Patricia Marie           +33 1 88 54 
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November 03, 2021 13:24 ET (17:24 GMT)