Compagnie de Saint-Gobain
07 April 2005
press
release
Saint-Gobain takes control of Hankuk Glass Industries (HGI) of Korea
In accordance with agreements finalized on April 6, 2005, Saint-Gobain has
increased its share of voting rights in Hankuk Glass Industries (HGI) from 46%
to 80.47%, and thus gained control of HGI.
Hankuk Glass Industries manufactures and processes glass for the architectural
and automotive markets and is also present in certain specialty glass segments.
In 2004, the company achieved a turnover of 323 billion wons (or around €227
million) with a workforce of 774 people.
HGI is mainly present in Korea, China and Japan.
Following on from the long-established partnership existing between Saint-Gobain
and Hankuk Glass Industries in the Flat Glass sector - essentially in Korea and
China -, this operation serves to strengthen Saint-Gobain's positions in Asia
and is consistent with the Group strategy of development in emerging countries.
Employing around 37,000 people, Saint-Gobain's Flat Glass Sector (Saint-Gobain
Vitrage) generated sales close to €4.4 billion in 2004. Saint-Gobain Vitrage is
currently present in 39 countries and ranks number two worldwide and number one
in Europe in the flat glass market.
Saint-Gobain Vitrage is organized according to the markets it serves. Its
businesses include: Saint-Gobain Glass, which specializes in basic glass
products; the Saint-Gobain Glass Solutions network, which processes and
distributes glass destined for the architectural and decoration markets;
Saint-Gobain Sekurit, the leading supplier of glass to the automotive and
transport markets; and finally Saint-Gobain Specialties, which supplies glass
products to the domestic appliances and electronics industries, but also to the
industrial and commercial equipment industries.
April 7, 2005
Investor Relations Department
Florence Triou-Teixeira Tel.: +33 1 47 62 45 19
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
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