The investment will be made by Saint-Gobain Isover, through its Finnish subsidiary Saint-Gobain Isover Oy. 7 months after the launching of its first line, the construction of a second glasswool line has just started, and production will begin during the summer of 2005.The previous investment at the Yegorievsk plant was a medium size glass wool line with about 100 employees.The line started operations in October 2003 and has been running at full capacity since start up.
The new investment will create about 100 new jobs directly at the Yegorievsk plant.
Saint-Gobain Isover has had sales operations in Russia already since 1993 and the sales have grown steadily during these years. Today Saint-Gobain Isover is the second largest insulation manufacturer in Russia. The Yegorievsk plant is the first ISOVER glass wool factory in Russia. Before this new investment Saint-Gobain Isover has about 240 employees in its Russian sales and manufacturing companies.