Saint-Gobain Acquires Stake in JJG Production Line in China
April 11 2018 - 12:42PM
Dow Jones News
By Anthony Shevlin
Compagnie de Saint-Gobain SA (SGO.FR) said Wednesday that it has
acquired a 50% stake in a flat-glass production line of the Chinese
group JJG.
The French company said the production line has a total annual
capacity of 160,000 tons and is located in the Shandong province in
north-east China.
Saint-Gobain said the investment is in line with its strategy of
expanding its presence in emerging countries and increases its
flat-glass production capacity for the automotive market.
No financial details have been disclosed.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
April 11, 2018 12:27 ET (16:27 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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