Saint-Gobain opens plant in Czech Republic

French auto glass manufacturer Saint-Gobain has launched a new plant in the Czech Republic, the country“s foreign investment agency CzechInvest informed on 12 July 2005.
The CZK 370 million (EUR 12….

French auto glass manufacturer Saint-Gobain has launched a new plant in the Czech Republic, the country“s foreign investment agency CzechInvest informed on 12 July 2005. The CZK 370 million (EUR 12.3 million, USD 14.9 million) plant, known as Saint-Gobain Sekurit CR at Horovice, 60 kilometres (37.5 miles) south of Prague, will make auto glass for upper-end and luxury vehicles and will employ at least 100 people. “This production is demanding not only in a technical and technological respect but also in terms of needing a skilled workforce,” said Jarmila Horska, of CzechInvest“s investment department. “The best offer of qualified and hard-working staff together with the experience of servicing modern technical production were the reasons for the investment being invested in the central region of the Czech Republic”, she added. In a filing with French stock market supervisor AMF, Saint-Gobain SA said 13 July 2005 that it repurchased 2.72 million of its own shares between 4 July and 13 July 2005 for a total of EUR 125.7 million.