Saint-Gobain Expands its Insulation Business in Japan and Russia
With planned capacity of 60,000 tons, the plant is scheduled to come on stream before the end of 2013. Representing a total investment of around 140 million Euros, the plant will directly employ more than one hundred people. Its output will add to the 90,000 tons of glass wool currently being produced by the Mag-Isover facilities located near Tokyo in the Kanto region. This will bring the company's total production capacity across its four plants to 150,000 tons.
This investment comes at a time when Japan urgently needs to reduce its energy consumption. Buildings account for 30 percent to 40 percent of the energy consumed in the country, and therefore offer enormous energy saving potential, particularly in the areas of heating and air conditioning.
Acquisition of Linerock in Russia
Saint-Gobain is also pursuing its expansion in Russia, where the Insulation Activity has acquired Linerock, a company based in Tcheliabinsk. Linerock is the Ural region's leading manufacturer of rock wool products, the most widely used insulation materials in the Commonwealth of Independent States (CIS). The company employs more than 500 people and reported consolidated revenues of around 25 million Euros in 2010.
The Linerock acquisition will enable Isover to extend its geographical presence and enhance its product range to become a major player in Russia's fast-growing insulation market.
The transaction is fully aligned with the Group's strategy to expand its operations in a region experiencing remarkably dynamic growth and offering considerable development potential.