Saint-Gobain and Trakya Cam: Russian float glass joint venture

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. The new company will build a flat glas…

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. The new 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, in order to take advantage of strong market growth in Russia. Total investments amount to EUR 184 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 investments for installing the and magnetron coater production lines will begin shortly after the float plant is operational in the second half of 2012. This investment in Russia is a major step in the expansion of Saint-Gobain and Trakya Cam, enabling them to serve their customers effectively from a local industrial centre.