Compagnie de Saint-Gobain Acquisition (6379K)

TIDMCOD

RNS Number : 6379K

Compagnie de Saint-Gobain

11 April 2018

PRESS RELEASE

April 11(th) , 2018

china: Saint-Gobain increases its flat glass production capacity

for the automotive market

Saint-Gobain announces that it has taken a 50% stake in a flat glass production line of the Chinese group JJG, located in Zibo in the Shandong province, North-East China, with a total annual capacity of 160,000 tonnes.

This JV will allow Saint-Gobain to almost double its production of basic glass in China, reinforcing the reliability of the flat glass supply for its Sekurit automotive glass factories.

Saint-Gobain has been present in glass in China since 1994. It already manages one flat glass production unit of 100,000 tonnes per year in Qingdao in the Shandong province, and three production units for automotive glass.

This investment is in line with the Group's strategy of expanding its presence in emerging countries, reinforcing Saint-Gobain's position in automotive glass in China.

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.

EUR40.8 billion in sales in 2017

Operates in 67 countries

More than 179,000 employees

www.saint-gobain.com

@saintgobain

 
 
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April 11, 2018 12:08 ET (16:08 GMT)