Saint-Gobain Glass Romania raises share capital

Saint-Gobain Glass Romania has increased its share capital by EUR 20 million (USD 25.5 million), it was reported on 28 August 2006.
The increase is the company“s second in 2006; in April it raised i…

Saint-Gobain Glass Romania has increased its share capital by EUR 20 million (USD 25.5 million), it was reported on 28 August 2006. The increase is the company“s second in 2006; in April it raised its capital by EUR 12 million (USD 15.3 million). Following the two increases the company“s capital is now ROL 367.5 million (USD 132.87 million/EUR 104.2 million). In 2004, the company starting building work on a glass plant in Calarasi, southern Romania, an investment estimated at EUR 100 million (USD 127.5 million). The Calarasi plant is to be opened on 29 September 2006. The plant will have an annual production capacity of 180,000 tonnes of glass, 50% for export and 50% for the domestic market.