Saint-Gobain expand flat glass capacity in India

Saint-Gobain to expand flat glass capacity in India

5:58 AM, 16th January 2016
Saint-Gobain to expand flat glass capacity in India

CHENNAI, INDIA: French multinational corporation Saint-Gobain said that it will invest around€135 million (about Rs 975 crores) to expand its flat glass production capacity in the country by setting up a new production facility at its Sriperumbudur (Chennai) site.

The expansion expected to be completed by 2018, will increase the capacity by around 1,000 tonne a day at Sriperumbudur site, which currently produces 1,500 tonne of glasses.

“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,” said the company in a press release.

Saint-Gobain will built its third flat glass production facility (the group’s fifth float in India) and a second coater for the construction market at the facility. 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,” said the company.

© Business Standard News



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