Plant positions Sage as global leader in 'smart glass'

A new $150 million factory in Faribault, Minn., aims to bring down the cost of its variable-tint glass and open up a worldwide market.

Fresh off its acquisition by a French industrial giant, Sage Electrochromics has finished building a $150 million factory in Faribault, Minn., and is poised to ramp up sales of its variable-tint glass.And reap its first profits.

The market for smart glass is expected to grow eightfold to nearly $700 million by 2020, according to recent report by Pike Research. Sage's technology, which alters light transmission with a flip of a switch, offers energy savings on lighting, heating and cooling, especially in large buildings.

Sage, now a subsidiary of Saint-Gobain, a French building products company with $54 billion in annual sales, believes the market could be even bigger. And for now, Sage stands to be the key player.

Read more here.

600450 Plant positions Sage as global leader in 'smart glass' glassonweb.com
Date: 18 September 2012
Source: www.startribune.com

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