Saint-Gobain Steps Up Presence in Abrasives in Brazil
PARIS, April 13, 2015 /PRNewswire/ --
Saint-Gobain has signed a joint venture agreement with British Indústria e Comércio Ltda., a manufacturer of non-woven abrasives in Brazil, resulting in the acquisition of 70 percent of this company's equity. Created in 1996, the company is located in Indaiatuba, 100 km from Sao Paulo. It manufactures and sells non-woven abrasives for industrial applications (surface conditioning materials), professional cleaning and consumer goods.
In a market for non-woven products that has high growth potential in South America, this investment will enable Saint-Gobain to strengthen its lead position in the industry and construction segments. The Group will be able to expand its range of abrasive products and add new customers to its portfolio.
ABOUT SAINT-GOBAIN
In 2015, Saint-Gobain is celebrating its 350th anniversary, 350 reasons to believe in the future. Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €41 billion, Saint-Gobain operates in 64 countries and has over 180,000 employees. For more information about Saint-Gobain, visit http://www.saint-gobain.com and the twitter account @saintgobain or download the "Saint-Gobain Shareholder" application for tablet and smartphone.
With approximately 10,600 employees, Saint-Gobain's Abrasives Activity has a powerful manufacturing network of 63 plants in 27 countries. Its portfolio of products (coated, bonded, superabrasives, organic grinding wheels, construction products) offers comprehensive solutions for every step of the grinding process. For more information, visit http://www.saint-gobain-abrasives.com.
Analyst/Investor Relations
Gaetano Terrasini +33-1-47-62-32-52
Vivien Dardel +33-1-47-62-44-29
Marine Huet +33-1-47-62-30-93
Media Relations
Sophie Chevallon +33-1-47-62-30-48
Susanne Trabitzsch +33-1-47-62-43-25
SOURCE Saint-Gobain
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Northland Upgrades Evolution Petroleum (EPM) to Outperform 'on Pullback & Attractive Royalty Acquisition'
- 90 Days of Cheaper Beef Could Cost American Ranchers - Good Ranchers Response to New Beef Import Plan
- Hank Green Announces ClockwiseTV, A New Content App that Puts Families in Control
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Twitter, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share