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Saint-Gobain to invest in Tamil Nadu
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 SAINT-GOBAIN Glass, the French multinational, will invest another Rs 500 crore in Tamil Nadu. The company on Thursday signed an expression of commitment with the State Government for this investment.
Mr Jacques Aschenbroich, Chairman and President, Saint-Gobain Vitrage, France, signed the expression of commitment with Mr Arun Ramanathan, Tamil Nadu Industries Secretary.
Saint-Gobain has set up a float glass manufacturing plant at Sriperumbudur through a wholly-owned subsidiary, Saint-Gobain Glass India Ltd.
The plant, set up at an investment of Rs 525 crore, has a capacity of 650 tonnes per day and commenced commercial production in July 2000. It makes a range of glass used in the automotive and construction industries, green glass, reflective glass, solar control products, and mirrors.
According to a State Government press release, the investment will start in 2004 and be completed in three years. The investment will be to expand the product range.
At the time of the inauguration in September 2000, the then Tamil Nadu Chief Minister, Mr M. Karunanidhi, had said that Saint-Gobain officials had assured him of an additional investment of Rs 500 crore in the plant.
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October 31st, 2003
Photo: Saint Gobain
Source: Thehindubusinessline.com |
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