Glassmaker Saint-Gobain aims to reduce dependence on Europe

French glassmaking group Saint-Gobain said Wednesday that it intends to reduce its dependence in western Europe by making investments in Asia and the United States.

The company which makes glass for home, auto and packaging makes two-thirds of its sales in Europe, now plans to focus more attention on countries "offering the potential for higher growth" said chief executive Pierre-Andre de Chalendar.At a meeting with investors, he said the company had learned the lessons of the crisis in Europe, which has seen sales drop 17 percent from 2007.Read more here.French glassmaking group Saint-Gobain said Wednesday that it intends to reduce its dependence in western Europe by making investments in Asia and the United States.  

The company which makes glass for home, auto and packaging makes two-thirds of its sales in Europe, now plans to focus more attention on countries "offering the potential for higher growth" said chief executive Pierre-Andre de Chalendar.

At a meeting with investors, he said the company had learned the lessons of the crisis in Europe, which has seen sales drop 17 percent from 2007.

Read more here.

600450 Glassmaker Saint-Gobain aims to reduce dependence on Europe glassonweb.com
Date: 29 November 2013
Source: www.en-maktoob.news.yahoo.com

See more news about:

See more from these topics:

Others also read

Over the last five years, Sandton (South Africa) has been a magnet for large-scale developments. Designed by Boogertman + Partners Architects, the 85 000 m2 Discovery building is one of them.
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Vetrotech supplied over 1'600m2 of Contraflam Lite Structure EW30 solutions.
The glazed walkway at London’s Tower Bridge attraction, which was designed and manufactured by GLASSOLUTIONS, has been voted as winner of MyGlazing.com’s ‘Best window with a view 2017’ competition.
Architects Pelli Clarke Pelli specified the most demanding requirements for a fire-rated glass floor and skylight to date for this project including 2-hour fire rating, blast, and seismic resistance, live loading for foot traffic, and waterproofing.
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.

Add new comment