Saint-Gobain Reinforces Its Positions In Japan

Date: 14 April 2010
Source: Saint-Gobain
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
Date: 14 April 2010
Source: Saint-Gobain

See more news about:

See more from these topics:

Others also read

The LEED-Gold rated building is glazed with Saint-Gobain glass.
Sophisticated, subtle, yet stylish, it is the perfect foil for SGG Planisafe for offices – sturdy and safe.
Now is the time for revolutionary glass for evolving workspaces, with Saint-Gobain Inspire’s Planilaque Evolution.
Nippon Sheet Glass Co., Ltd. will install a new high-performance press bending line at the Maizuru plant (Kyoto, Japan) for automotive windshields, applying its proprietary technologies.
China Ginza Tokyo is a luxurious and unique building expressing the spirit of Chanel through a façade generating images and acting as lighting for the building.
Vetrotech Saint-Gobain North America has an abundance of products and knowledge to share with those in attendance.

Add new comment