Saint-Gobain’s construction products sector moves into Japan

Date: 27 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 (€11 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 (€125.4 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

600450 Saint-Gobain’s construction products sector moves into Japan
Date: 27 June 2008
Source: Saint-Gobain

See more news about:

See more from these topics:

Others also read

Saint-Gobain has just completed the acquisition of France Pare-Brise, which has the second largest franchise network in France on the automotive glass repair and replacement market.
Saint-Gobain Infinity has once again been called on to demonstrate its prowess in providing sustainable glazing options.
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.

Add new comment