Saint-Gobain Sekurit to Build Auto Glass Production Plant in
Russia through Joint Venture
April 26, 2010
Saint-Gobain Sekurit has announced that it will begin producing
and selling auto glass in Russia through a joint venture with Trakya
Cam. The two signed a 50-50 joint venture "memorandum of understanding"
yesterday saying that they would build an auto glass plant in the
Republic of Tatarstan. The plant is scheduled to begin production
in 2013 and to supply windshield, sidelites and backlites for 500,000
vehicles a year.
This manufacturing facility will be located close to a flat glass
(float) production plant, which will be built by Trakya Cam, with
the participation of Saint-Gobain, and start production in 2012,
according to the companies.
"This investment is completely in line with Saint-Gobain's
growth strategy in the emerging countries," says Benoît
d'Iribarne, chief executive officer of Saint-Gobain Sekurit and
Saint-Gobain Glass. "It will enable Saint-Gobain Sekurit, one
of the world's leading auto glass groups, to strengthen its industrial
network and support the growth of its customers."
Gülsüm Azeri, Sisecam Flat Glass chief executive officer
and chairman of Trakya Cam, adds, "This partnership project
in Russia with Saint-Gobain is another milestone in the rapid growth
of Trakya Cam automotive glass business. In addition to its auto
glass facilities in Turkey and Bulgaria serving Turkish and European
markets, Trakya Cam aims to efficiently serve the fast growing Russian
automotive industry from a local production base."
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