To capitalize on strong growth in its South-East European markets, Saint-Gobain“s Flat Glass Division (Saint-Gobain Vitrage) is to strengthen its presence in the region by building a new float line. …
To capitalize on strong growth in its South-East European markets, Saint-Gobain“s Flat Glass Division (Saint-Gobain Vitrage) is to strengthen its presence in the region by building a new float line. The total amount of the related investment will exceed EUR 100 million and production is set to start in 2006. A Letter of Intent relating to the project was agreed 10 February 2004 with the Romanian authorities. The new plant will be built at the Calarasi site in Romania and will produce high quality flat glass using Saint-Gobain“s latest technological developments. Products manufactured by the plant will be sold in the domestic Romanian market and exported to other countries in South-East Europe. Saint-Gobain“s Flat Glass Division reported sales of nearly EUR 4.3 billion in 2003 and employs some 35,000 people. It operates in 35 countries and is currently the European leader and number two in flat glass production worldwide. Saint-Gobain Vitrage is organized by market: Saint-Gobain Glass, which is specialized in basic glass products; the Saint-Gobain Glass Solutions network, which processes and distributes glass products for the construction and decoration markets; Saint-Gobain Sekurit, which is the leader in automotive and transport glazing products, and Saint-Gobain Specialities, which supplies glass products for household appliances, electronic goods, and commercial refrigeration purposes.