Saint-Gobain Signs Acquisition Agreement with Chinese-Based Danfeng Silicon Carbide Producer

On the occasion of the visit of Mr. Bo Xilai, Trade Minister of the People’s Republic of China to France from May 2 to 5, 2005, the acquisition of Danfeng, based in the Heilongjiang Province of northern China, by Saint-Gobain was officially signed in Paris.

Danfeng is the country’s leading producer of fine silicon carbide powders, a highperformance ceramic which is used in the form of a grain or grit in a wide range of products, such as semiconductor parts, abrasives and refractory products.Every year, Danfeng produces 15,000 metric tons of silicon carbide with sales close to $20 millions.Thanks to this operation, Saint-Gobain High-Performance Materials has become the leading producer of silicon carbide technical powders in Asia, boosting the Group’s global leadership in this specialty.

600450 Saint-Gobain Signs Acquisition Agreement with Chinese-Based Danfeng Silicon Carbide Producer glassonweb.com
Date: 11 May 2005
Source: Saint-Gobain.com

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