Saint-Gobain Reinforces Its Positions In Japan

Date: 14 April 2010
Source: Saint-Gobain

Date: 14 April 2010

Saint-Gobain has reinforced its position in Insulation in Japan through the acquisition of the 43.7% stake owned by the Japanese group Taiheiyo Cement Corporation in the company MAG.

Following this transaction, which has received the agreement of the Japanese competition authorities, Saint-Gobain now owns 87.3% of MAG's shareholders' equity.
 
MAG, Japan's leading glass wool manufacturer, had been managed jointly by Saint-Gobain and Taiheiyo Cement Corporation since June 2008.
 
Japan is one of the world's major habitat markets, driven by a growing concern of Government and consumers for environment protection (reduction of CO2), energy efficiency and comfort. A greater emphasis on insulation results of new building standards becoming effective year after year.
 
With this acquisition, Saint-Gobain intends to play a major role in the Japanese construction products industry and to bring its best contribution to a better environment.

600450 Saint-Gobain Reinforces Its Positions In Japan 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