Acquisition
30 March 2010 - 3:07AM
UK Regulatory
TIDMCOD
RNS Number : 3725J
Compagnie de Saint-Gobain
29 March 2010
March 29th, 2010
SAINT-GOBAIN REINFORCES ITS POSITION IN JAPAN
Saint-Gobain has reinforced its position in Insulation in Japan through the
acquisition of the 43.7% stake owned by the Japanese group Taiheiyo Cement
Corporation in the company MAG. Following this transaction, which has received
the agreement of the Japanese competition authorities, Saint-Gobain now owns
87.3% of MAG's shareholders' equity..
MAG, Japan's leading glass wool manufacturer, had been managed jointly by
Saint-Gobain and Taiheiyo Cement Corporation since June 2008.
Japan is one of the world's major habitat markets, driven by a growing concern
of Government and consumers for environment protection (reduction of CO2),
energy efficiency and comfort. A greater emphasis on insulation results of new
building standards becoming effective year after year
With this acquisition, Saint-Gobain intends to play a major role in the Japanese
construction products industry and to bring its best contribution to a better
environment.
+------------------------------------+-------------------------------+
| Analyst & Investor relations | Press relations |
+------------------------------------+-------------------------------+
| | |
| Florence Triou-Teixeira +33 | Sophie Chevallon +33 1 |
| 1 47 62 45 19 | 47 62 30 48 |
| Etienne Humbert | |
| +33 1 47 62 30 49 | |
| Vivien Dardel | |
| +33 1 47 62 44 29 | |
| | |
+------------------------------------+-------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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