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SAINT-GOBAIN VITRAGE EXPANDS ITS PRESENCE IN ROMANIA IN GLASS MANUFACTURING FOR THE CONSTRUCTION INDUSTRY
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In view of the strong growth in the South-East European markets, Saint-Gobain’s Flat Glass Division (Saint-Gobain Vitrage) has decided to strengthen its presence in the region by building a new float line.
The new plant will be built at the Calarasi site in Romania and will manufacture high quality flat glass using Saint-Gobain's latest technological developments.
Products manufactured by this plant will be sold in the domestic Romanian market and exported to other countries in South-East Europe.
The total amount of the related investment will exceed €100 million.
Production is due to start in 2006.
A Letter of Intent relating to this project has been agreed today with the Romanian authorities.
Saint-Gobain’s Flat Glass Division reported sales of close to €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 worldwide in flat glass production.
Saint-Gobain Vitrage is organised by market: Saint-Gobain Glass, which is specialised 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.
February 10, 2004 |
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