Saint-Gobain's Construction Products Sector Moves Into Japan

Date: 11 June 2008
Source: Saint-Gobain
Saint-Gobain's Construction Products sector has gained a foothold on the Japanese insulation market through its acquisition of the 43.64% stake held by Nippon Sheet Glass (NSG) in MAG.

The acquisition was made for an amount of 1,750 million yen (EUR11 million). Following the acquisition, MAG will be jointly owned by Japanese group Taiheiyo Cement and Saint-Gobain, each with a stake of 43.64%, and will be operationally managed by Saint-Gobain.

MAG is the first glass wool manufacturer in Japan, with consolidated

sales of 20,219 million yen (EUR125.4 million) in 2007 and about 440

employees. It operates four plants located in Ibaraki (Akeno and Tsuchiura), Gifu (Tarui) and Hokkaido (Sunagawa). The company has been an Isover licensee for many years, and has been using the Saint-Gobain TEL process since 1974.

Japan is one of the world's leading construction products markets: the

building industry employs 9% of the country's active population, and 1.2

million new dwellings are built each year. New building standards with

greater emphasis on insulation should become effective this year. They aim

to address the growing concern of government and consumers for

environmental protection (reduction of CO2), energy efficiency and comfort.

With this acquisition, the Construction Products sector is ideally

placed to build a strong position on the Japanese market and become a key

player in the Japanese construction industry.

Saint-Gobain in Japan

Saint-Gobain K.K. was established in 1986 as Saint-Gobain Group's

wholly-owned Japanese subsidiary. Saint-Gobain K.K. has about 260

employees, and over 430 people in total work for Japan-based companies in

which Saint-Gobain Group has a shareholding of 50% or more. Saint-Gobain

acquired Norton Group in 1990, which had been present in Japan since 1917.

Along with Saint-Gobain K.K., three joint-venture companies manufacture

and/or distribute Saint-Gobain products in Japan, which include ceramics,

crystals, plastics, refractories, abrasives and flat glass for automotive,

building or solar applications.

The first joint ventures formed by Saint-Gobain with Japanese business

partners go back as far as 1974, while the most recent initiatives involve

Nippon Electric Glass and Central Glass in 2003.

Saint-Gobain K.K.'s head office is 3-7 Kojimachi, Chiyoda-ku, Tokyo.

For more information, see http://www.saint-gobain.co.jp

Investor Relations Department: Press Relations:

Florence Triou-Teixeira Sophie Chevallon

Tel: +33-1-47-62-45-19 Tel: +33-1-47-62-30-48

Alexandre Etuy

Tel: +33-1-47-62-37-15

Vivien Dardel

Tel: +33-1-47-32-44-29

Fax: +33-1-47-62-50-62

600450 Saint-Gobain's Construction Products Sector Moves Into Japan glassonweb.com
Date: 11 June 2008
Source: Saint-Gobain

See more news about:

See more from these topics:

Others also read

Over the last five years, Sandton (South Africa) has been a magnet for large-scale developments. Designed by Boogertman + Partners Architects, the 85 000 m2 Discovery building is one of them.
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Vetrotech supplied over 1'600m2 of Contraflam Lite Structure EW30 solutions.
The glazed walkway at London’s Tower Bridge attraction, which was designed and manufactured by GLASSOLUTIONS, has been voted as winner of MyGlazing.com’s ‘Best window with a view 2017’ competition.
Architects Pelli Clarke Pelli specified the most demanding requirements for a fire-rated glass floor and skylight to date for this project including 2-hour fire rating, blast, and seismic resistance, live loading for foot traffic, and waterproofing.
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.

Add new comment