PARIS, January 13, 2016 /PRNewswire/ --
Saint-Gobain is to invest around €135 million over the next two years to develop production capacity at its glass facility near Chennai, India's largest such facility.
A third flat glass production facility (the Group's fifth float in India) and a second coater for the construction market will be built on this site. The plant will produce premium high-performance, energy efficient glass using leading-edge technologies which contribute to the environment protection.
This initiative bolsters Saint-Gobain's position in flat glass as leader of the fast-growing Indian market, and is in line with the Group's strategy to increase the share of its industrial assets located outside Western Europe.
Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €38.3 billion*, Saint-Gobain operates in 66 countries and has more than 170,000 employees. For more information about Saint-Gobain, visit http://www.saint-gobain.com and the twitter account @saintgobain, or download the "Saint-Gobain Shareholder" application for tablet and smartphone.
* restated excluding Verallia