Glassmaker Saint-Gobain aims to reduce dependence on Europe

Date: 29 November 2013

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

See more news about:

Others also read

Cornwall Group celebrates 25 years of partnership with Saint-Gobain Glass, built on shared values of quality, innovation, and resilience.
Saint-Gobain Glass and Eckersley O’Callaghan unite to drive the market toward low-carbon façades.
With over 50 years of expertise, Unelko’s Invisible Shield PRO 15 is setting new standards in glass protection, earning the trust of major industries and global glass producers.
Maud Thuaudet appointed Group Chief Financial Officer. Sreedhar N. appointed CEO for the Asia-Pacific Region.
New dynamic glass delivers true-to-life views & neutral aesthetics
Maltha Glass Recycling, a leading European recycler and Renewi subsidiary, announces a successful pilot test with Saint-Gobain.

Add new comment

From industry