Saint-Gobain to invest 25 mln eur in Romanian fibre glass wool plant

Compagnie de Saint-Gobain SA said it plans to invest 25 mln eur to build a fibre glass wool production line in Romania, after the company announced the acquisition of local rock wool producer DBW srl.

Financial details of the acquisition were not disclosed.

The purchase was made through Saint-Gobain Isover Austria. DBW last reported annual sales of 5.6 mln eur and has about 100 employees.

The new fibre glass wool production line will have an annual capacity of about 20,000 tonnes, and will create 100 new jobs, Saint-Gobain said.

600450 Saint-Gobain to invest 25 mln eur in Romanian fibre glass wool plant

See more news about:

Others also read

Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
The following stocks are moving in Japanese markets today. Prices are as of 12:55 p.m. at the Tokyo Stock Exchange. Stock symbols are in parentheses after company names.

Add new comment