REG - Compagnie St-Gobain - New capacity <Origin Href="QuoteRef">SGOB.PA</Origin>
RNS Number : 9764CCompagnie de Saint-Gobain25 January 2018PRESS RELEASE
January 25, 2018
Saint-Gobain investS IN France to meet the rising needs of the insulation market
Saint-Gobain is investing in a new blowing glass wool production line in its Isover plant of Chemill, near Angers, France. This line, due to come on stream mid-2019, is designed to meet the rising demand of the French market for roof space thermal insulation solutions. It demonstrates Saint-Gobain's commitment in favor of the climate and its active participation in the building energy renovation Plan.
Beyond the installation of this structuring equipment, two other dedicated lines, in Azuqueca near Madrid, Spain and Vidalengo close to Milan, Italy, will become operational in the spring and autumn of 2018 respectively.
These new lines represent a total investment of 45m, mostly earmarked for Chemill.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
39.1 billion in sales in 2016
Operates in 67 countries
More than 170,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations
Media relations
Vivien Dardel
Florent Nouveau
Floriana Michalowska
+33147624429
+33 1 47 62 30 93
+33 1 47 62 35 98
Laurence Pernot
Susanne Trabitzsch
+33147623010
+33 1 47 62 43 25
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCUVVNRWRAAUAR
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