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Cristaleria Espanola: Saint-Gobain subsidiary to expand by acquisition

2 April 1998: Cristaleria Espanola, Saint-Gobain“s subsidiary for Spain and Portugal (also owner of Covina, Vidrieira do Mondego and SSG Portugal), said it plans to continue its expansion in Portugal…

2 April 1998: Cristaleria Espanola, Saint-Gobain“s subsidiary for Spain and Portugal (also owner of Covina, Vidrieira do Mondego and SSG Portugal), said it plans to continue its expansion in Portugal and Spain. Claude Imauven, head of operations in the Iberian peninsula, said the company was planning to expand by acquisition in Spain and Portugal, both in the company“s traditional areas of bottles, and also in new areas including flat glass and construction materials. Covina has reportedly made losses for several years. It completed the refurbishment of its float glass furnace in 1997, and said it will for this reason move into profit this year. Its losses were down in 1997, while production rose by 44%. SSG was set up to supply AutoEuropa, and was originally part of Covina. About 13% of Cristaleria Espanola“s business was generated in Portugal last year.

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