Saint-Gobain Vitrage Expands its Presence in Romania in Glass Manufacturing for the Construction Industry

Date: 12 February 2004
Source: Yahoo

Date: 12 February 2004

In view of the strong growth in the South-East European markets, Saint-Gobain's Flat Glass Division (Saint-Gobain Vitrage) has decided to strengthen its presence in the region by building a new float line.

The new plant will be built at the Calarasi site in Romania and will manufacture high quality flat glass using Saint-Gobain's latest technological developments.Products manufactured by this plant will be sold in the domestic Romanian market and exported to other countries in South-East Europe.The total amount of the related investment will exceed EUR100 million.Production is due to start in 2006.A Letter of Intent relating to this project has been agreed today with the Romanian authorities.Saint-Gobain's Flat Glass Division reported sales of close to EUR4.3 billion in 2003 and employs some 35,000 people.It operates in 35 countries and is currently the European leader and number two worldwide in flat glass production.

Saint-Gobain Vitrage is organized by market: Saint-Gobain Glass, which is specialized in basic glass products; the Saint-Gobain Glass Solutions network, which processes and distributes glass products for the construction and decoration markets; Saint-Gobain Sekurit, which is the leader in automotive and transport glazing products, and Saint-Gobain Specialities, which supplies glass products for household appliances, electronic goods, and commercial refrigeration purposes.

600450 Saint-Gobain Vitrage Expands its Presence in Romania in Glass Manufacturing for the Construction Industry glassonweb.com

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