Re Joint Venture
12 October 2010 - 5:55PM
UK Regulatory
TIDMCOD
RNS Number : 2329U
Compagnie de Saint-Gobain
12 October 2010
October 12, 2010
Saint-Gobain and Trakya Cam announce the creation of a joint venture
to develop their flat glass (float) activities in Russia
Saint-Gobain and Trakya Cam, a subsidiary of the Sisecam Group, have signed a
contract to create a joint venture owned 70% by Trakya Cam and 30% by
Saint-Gobain. In order to take advantage of strong market growth in Russia, this
company will build a flat glass manufacturing unit, a mirror production line,
and a magnetron coater line in the Alabuga special economic area of the Republic
of Tatarstan.
Total investments amount to EUR184 million. Work on building a flat glass (float)
production line for the construction and automotive markets will start in the
last quarter of 2010, while the investments for installing the mirror and
magnetron coater production lines will begin shortly after the flat glass
(float) plant is operational in the second half of 2012.
This investment in Russia, where the flat glass market has a high growth
potential, is a major step in the expansion of Saint-Gobain and Trakya Cam,
enabling them to serve their customers effectively from a local industrial
center.
+------------------------------------+----------------------------------------------------------+
| | |
| Analyst and Investor Contacts | Press Contact |
| | |
+------------------------------------+----------------------------------------------------------+
| Florence Triou-Teixera | |
| +33 1 47 62 45 19 | Sophie |
| Etienne Humbert | Chevallon |
| +33 1 47 62 30 49 | +33 1 47 |
| Vivien Dardel | 62 30 |
| +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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