Saint-Gobain Announces the Acquisition of Sezal Glass Ltd’s Float Glass Business in India

Saint-Gobain Announces the Acquisition of Sezal Glass Ltd’s Float Glass Business in India

PR Newswire

COURBEVOIE, France, May 31, 2011 /PRNewswire-FirstCall/ — Saint-Gobain
Glass India has just signed a definitive binding agreement concerning the
acquisition of Sezal Glass Ltd’s float glass business in India. Through this
deal, Saint-Gobain Glass India will acquire a new float plant located in the
district of Bharuch, in Gujarat, together with its business assets. Brought
on stream in February 2010, this float has a daily production capacity of 550
tons of flat glass to supply the architectural market.

This harmoniously completes the industrial presence of Saint-Gobain Glass
in India: a large manufacturing complex close to Chennai (two float plants,
one magnetron line to produce coated glass, a mirror line, automotive glass
processing plants, and a transformation facility for the architectural glass
segment), automotive glass processing plants in Pune and a new float under
construction near Delhi, operational early 2012.

This latest investment is another illustration of the Saint-Gobain Group
strategy which aims to increase its presence in high-growth countries, and
offer on these markets a vast range of high quality products, including the
most advanced glass solutions in terms of comfort and energy performance.

Located in 64 countries with nearly 190,000 employees, Saint-Gobain, the
world leader in the habitat and construction markets, designs, manufactures
and distributes building materials, providing innovative solutions to meet
growing demand for energy efficiency and for environmental protection.
Saint-Gobain’s Flat Glass Business produces, processes and markets glass
products for three main markets: construction, transport (automotive,
aeronautics, rail and industrial conveyors), and solar power. World leader
for coated glass, Saint-Gobain Glass covers all the Flat Glass business’s
primary glass manufacturing facilities and is supported by a powerful
worldwide production network comprising floats and coaters.

    Analyst/Investor relations
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SOURCE Saint-Gobain

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