 "Saint-Gobain to expand flat glass production capacity in India")
Don't want to miss the best from Business Standard?
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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%