Saint-Gobain Sekurit and Trakya Cam: MoU signed

Saint-Gobain Sekurit and Trakya Cam signed a MoU (Memorandum of Understanding) on 26 April 2010 to set up a 50-50 joint venture specialized in the production and commercialization of automotive glass …

Saint-Gobain Sekurit and Trakya Cam signed a MoU (Memorandum of Understanding) on 26 April 2010 to set up a 50-50 joint venture specialized in the production and commercialization of automotive glass in Russia. The investment involves the building of a plant in the Republic of Tatarstan with production due to come on stream in 2013, supplying full glass car-sets – windshield, side lites and backlites – to equip 500,000 vehicles a year. The facility will be located close to a flat glass (float) production plant, which will be built by Trakya Cam, with the participation of Saint-Gobain, scheduled to start production in 2012. “This investment is completely in line with Saint-Gobain“s growth strategy in the emerging countries. It will enable Saint-Gobain Sekurit, one of the world“s leading auto glass groups, to strengthen its industrial network and support the growth of its customers,” explains Benoit d“Iribarne, CEO of Saint-Gobain Sekurit and Saint-Gobain Glass. Sisecam Flat Glass CEO and Chairman of Trakya Cam commented: “This partnership project in Russia with Saint-Gobain is another milestone in the rapid growth of Trakya Cam automotive glass business. In addition to its auto glass facilities in Turkey and Bulgaria serving Turkish and European markets, Trakya Cam aims to efficiently serve the fast growing Russian automotive industry from a local production base.”