Compagnie de Saint-Gobain Agreement (1705J)
April 25 2022 - 1:07AM
UK Regulatory
TIDMCOD
RNS Number : 1705J
Compagnie de Saint-Gobain
25 April 2022
PRESS RELEASE
April 25, 2022
SAINT-GOBAIN and DALSAN enter into a
JOint-VENTURE AGREEMENT IN TURKeY
Saint-Gobain and the Turkish group Dalsan announce that they
have entered into a joint-venture agreement
pursuant to which they will merge their plaster and plasterboard activities in Turkey.
Together, Saint-Gobain Rigips and Dalsan Alçi generated revenues
in excess of EUR100 million in 2021. They will benefit from a
leadership position with an annual production capacity of 100
million square meters for plasterboard, 2 million tons for plaster
and 50 million meters for metal profiles, following the completion
of a capital expenditure project at the new plant in Turgutlu
(Manisa) in 2023.
Thanks to its combined know-how and an enlarged production
capacity of plasterboard and plaster, this partnership will offer
Turkish customers access to the most innovative and complete
portfolio of light and sustainable solutions for the construction
and renovation of the building envelope as well as internal
partitioning. Saint-Gobain and Dalsan will also benefit from an
optimized modern industrial footprint ready to serve local
developers as well as export clients in neighboring countries.
Present in Turkey since 1998, Saint-Gobain is currently
operating 17 plants across the country and holds leadership
positions in insulation, gypsum and construction chemicals.
Saint-Gobain currently employs around 1,300 people in Turkey.
This transaction is fully in line with Saint-Gobain's "Grow
& Impact" plan. It will strengthen the Group's presence and
accelerate its growth in the region.
Closing of the transaction is subject to antitrust approvals and
other customary closing conditions that are expected to be
completed by the end of the year.
ABOUT DALSAN
Established in 1932, Dalsan is a leading manufacturer in Turkey
and a major player for export with its comprehensive range of
innovative and high performance solutions including plasters,
mortars with silo system, plasterboards, exterior sheathing boards,
flooring, roofing and steel framing. Dalsan is currently operating
2 plants in Gebze and Ankara and has an ongoing investment in
Manisa Turgutlu that will bring extra capacity and geographical
advantage following its completion in 2023. Leading the sector with
its innovations, Dalsan Alçı makes a difference for construction
solutions from floor to roof and wall to wall.
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".
EUR44.2 billion in sales in 2021
166,000 employees, located in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter
@saintgobain
Analyst/Investor relations Press relations
+33 1 88 54
29 77
+33 1 88 54
19 09
Vivien Dardel +33 1 88 54 +33 1 88 54
Floriana Michalowska 15 49 26 83
Christelle Gannage +33 1 88 54 Patricia Marie +33 1 88 54
Alix Sicaud 38 70 Susanne Trabitzsch 27 96
----------------------- -------------- -------------------- --------------
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 or visit 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.
END
AGRPPUWUCUPPUQA
(END) Dow Jones Newswires
April 25, 2022 02:07 ET (06:07 GMT)
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Apr 2024 to May 2024
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From May 2023 to May 2024