REG - Compagnie St-Gobain - New capacity production

Compagnie de Saint Gobain SAAnnouncement

09/03/2022 07:17

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220309:nRSI1631Ea&default-theme=true

RNS Number : 1631E  Compagnie de Saint-Gobain  09 March 2022

PRESS RELEASE

 

 

March 9, 2022

 

SAINT-GOBAIN TO INVEST €120 MILLION

IN NEW GLASS WOOL PRODUCTION CAPACITY IN FRANCE

 

 

Saint-Gobain, through its insulation subsidiary ISOVER, will invest €120
million in the coming years, starting in 2022, to increase its insulation
production capacity in France and support the acceleration of the energy
renovation market.

These investments will involve both increasing the capacity of existing ISOVER
production lines and creating a new line. Today, ISOVER has three glass wool
plants in France, located in Chalon-sur-Saône, Chemillé and Orange. By 2025,
in response to very strong demand driven by energy renovation, Saint-Gobain
will bring to the French market more than 70,000 additional tons of glass wool
insulation (including 11,000 tons as early as 2023), which will enable the
equivalent of 100,000 additional homes to be renovated each year.

Of the €120 million, €20 million will be specifically dedicated to the
decarbonization of production and the development of the circular economy.
This will enable the installation of a treatment unit for deconstruction waste
to be reincorporated into the production process as a substitute for virgin
raw materials, and an increase in the proportion of recycled glass used in the
production process to 80% by 2025.

These new investments are fully in line with the "Grow & Impact" strategic
plan, which aims to reinforce Saint-Gobain's positioning as the worldwide
leader in light and sustainable construction and to offer its customers
comprehensive solutions that deliver sustainability and performance. In
France, Saint-Gobain is the leader in the energy renovation market thanks to
its ISOVER, Placo(®), Saint-Gobain Glass, Weber brands and its strong
distribution network.

 

The Group has a unique and dense presence across the entire value chain in
France: from the manufacture of sustainable solutions to their distribution -
in stores offering advice, training, digital services, and logistics or
recycling solutions to our hundreds of thousands of trade professional
customers, as well as on e-commerce platforms or our site offering inspiration
and intermediation, La Maison Saint-Gobain. Worldwide, the solutions sold by
the Group in one year avoid the emission of approximately 1,300 million tons
of CO(2) during their lifetime, which is more than 40 times the Group's total
carbon footprint.

 

 

 

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs,
manufactures and distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of public and
private buildings, light construction and the decarbonization of construction
and industry are developed through a continuous innovation process and provide
sustainability and performance. The Group's commitment is guided by its
purpose, "MAKING THE WORLD A BETTER HOME".

 

€44.1 billion in sales in 2021

167,000 employees, operations in 75 countries

Committed to achieving Carbon Neutrality by 2050

 

To find out more about Saint-Gobain,

Please visit www.saint-gobain.com (http://www.saint-gobain.com) and follow us
on Twitter @saintgobain

 

 

 

 Analyst/Investor relations                   Press relations

 Vivien Dardel           +33 1 88 54 29 77    Patricia Marie             +33 1 88 54 26 83

 Floriana Michalowska    +33 1 88 54 19 09    Bénédicte Debusschere        +33 1 88 54 14 75

 Christelle Gannage      +33 1 88 54 15 49    Susanne Trabitzsch         +33 1 88 54 27 96

 Alix Sicaud             +33 1 88 54 38 70

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDBKCBKOBKKONK