Saint-Gobain announces the acquisition of Sezal Glass Ltd’s float glass business in India
Saint-Gobain Glass India has just signed a definitive binding agreement concerning the acquisition of Sezal Glass Ltd’s float glass business in India. Through this deal, Saint-Gobain Glass India will acquire a new float plant located in the district of Bharuch, in Gujarat, together with its business assets. Brought on stream in February 2010, this float has a daily production capacity of 550 tons of flat glass to supply the architectural market.
This harmoniously completes the industrial presence of Saint-Gobain Glass in India: a large manufacturing complex close to Chennai (two float plants, one magnetron line to produce coated glass, a mirror line, automotive glass processing plants, and a transformation facility for the architectural glass segment), automotive glass processing plants in Pune and a new float under construction near Delhi, operational early 2012.
This latest investment is another illustration of the Saint-Gobain Group strategy which aims to increase its presence in high-growth countries, and offer on these markets a vast range of high quality products, including the most advanced glass solutions in terms of comfort and energy performance.