Compagnie de Saint-Gobain
10 February 2004
press
release
Saint-Gobain Vitrage expands its presence
in Romania in glass manufacturing for the construction industry
In view of the strong growth in the South-East European markets, Saint-Gobain's
Flat Glass Division (Saint-Gobain Vitrage) has decided to strengthen its
presence in the region by building a new float line.
The new plant will be built at the Calarasi site in Romania and will manufacture
high quality flat glass using Saint-Gobain's latest technological developments.
Products manufactured by this plant will be sold in the domestic Romanian market
and exported to other countries in South-East Europe.
The total amount of the related investment will exceed €100 million.
Production is due to start in 2006.
A Letter of Intent relating to this project has been agreed today with the
Romanian authorities.
Saint-Gobain's Flat Glass Division reported sales of close to €4.3 billion in
2003 and employs some 35,000 people. It operates in 35 countries and is
currently the European leader and number two worldwide in flat glass production.
Saint-Gobain Vitrage is organised by market: Saint-Gobain Glass, which is
specialised in basic glass products; the Saint-Gobain Glass Solutions network,
which processes and distributes glass products for the construction and
decoration markets; Saint-Gobain Sekurit, which is the leader in automotive and
transport glazing products, and Saint-Gobain Specialities, which supplies glass
products for household appliances, electronic goods, and commercial
refrigeration purposes.
February 10, 2004
Investor Relations Department
Ms. 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 BKDKBD
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.