 "Saint-Gobain to expand flat glass production capacity in India")
The French multinational corporation Saint-Gobain will invest around Euro 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. “Saint-Gobain is to invest around Euro 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.
The expansion, which is expected to be completed by 2018, will increase the capacity by around 1,000 tonnes a day at Sriperumbudur site, which currently produces 1,500 tonnes of glasses.
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.
The expansion, which is expected to be completed by 2018, will increase the capacity by around 1,000 tonnes a day at Sriperumbudur site, which currently produces 1,500 tonnes of glasses.