Float glass maker Saint Gobain today signed an agreement with the Rajasthan government to set up a manufacturing facility at a cost of Rs 1,000 crore in the state.
The facility is expected to achieve three lakh tons per annum production capacity by the first quarter of 2010.
Saint Gobain President and MD B Santhanam and Industry Secretary Ashok Sampat Ram signed the MoU for the project that would come up in Bhiwadi and would be larger than a similar world glass complex in Chennai.
The first phase would be followed by additional investments that will enable the company to provide solutions to the architectural, automotive and solar industries, Santhanam added.
Saint Gobain has an overall turnover of Rs 2,000 crore and operates in 54 countries.