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COD Compagnie De Saint-gobain

78.10
-0.30 (-0.38%)
30 Jul 2024 - Closed
Delayed by 15 minutes
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
  -0.30 -0.38% 78.10 74.65 81.95 57,264 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Construction Machinery & Eq 47.94B 2.67B - N/A 40.16B

New Plant

19/02/2007 5:43pm

UK Regulatory


RNS Number:5091R
Compagnie de Saint-Gobain
19 February 2007



                                                        Paris, February 19, 2007



Press

release





SAINT-GOBAIN ISOVER TO CONSTRUCT A NEW INSULATING MATERIAL PLANT IN FRANCE



Saint-Gobain Isover is to build a new, 70,000-ton capacity glass wool plant in
Chemille, (Maine-et-Loire) France. The plant is due to begin production at the
end of 2008, will create approximately 150 jobs.

This investment, which stands at around Euro100 million, is designed to address
demand in fast-growing insulation markets in Western Europe and particularly in
France.

New regulatory requirements regarding the thermal performance of new and
existing buildings should result in a 40% reduction of energy consumption in new
buildings by 2020, and a fourfold reduction of energy consumption in existing
buildings by 2050. The thermal insulation of buildings leads to substantial
savings and is one of the most effective ways of combating greenhouse gas
emissions.

Cutting edge techniques incorporating the latest environmentally-compliant
practices will be used in the design and construction of this plant, which will
adhere to HQE(R) (High Environmental Quality) guidelines.

This strategic project will enable Saint-Gobain Isover to meet the strong demand
for insulation products on a buoyant construction market, while at the same time
extending its product range and maintaining its worldwide leadership.



Saint-Gobain Isover forms part of Saint-Gobain's Construction Products sector.
With 45,000 employees worldwide and 250 consolidated companies, the Construction
Products sector is a leader in all its businesses: insulation (Isover), gypsum
(Placo, Gyproc, Rigips, ProRoc), outdoor living products (CertainTeed),
industrial mortars (Weber) and pipe (Pam). In 2006, it delivered consolidated
sales of Euro10.9 billion, representing 26% of the Saint-Gobain Group's overall
sales.



                         Investor Relations Department


Mrs Florence TRIOU-TEIXEIRA        Tel.: +33 1 47 62 45 19
Mr Alexandre ETUY                  Tel.: +33 1 47 62 37 15
                                   Fax: +33 1 47 62 50 62




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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