Re Agreement

RNS Number : 9833P

Compagnie de Saint-Gobain

02 April 2009

 



April 2, 2009

Saint-Gobain and Şişecam sign an agreement to jointly develop their flat glass activities in Egypt and Russia

The Saint-Gobain and Şişecam groups have agreed to jointly develop their flat glass (float) activities in Egypt and Russia, by carrying out two projects together. 

Şişecam will take a minority stake in Saint-Gobain Glass's investment project to build its first float glass production line in Egypt, alongside Saint-Gobain's local partner, MMID. 

In addition, a joint venture will be set up between Saint-Gobain and Şişecam for the construction of a float line in Russia, in the Republic of Tatarstan. A feasibility study for this investment was recently announced by Trakya Cam, a company of the Şişecam Group. Output from this plant will be sold in the building and automotive markets. 

Analyst/Investor relations	Press relations
Florence Triou-Teixeira  [phone] Etienne Humbert [phone] Vivien Dardel     [phone]	Sophie Chevallon [phone]

 

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