Saint-Gobain to Invest in New Auto Glass Plant
May 11, 2011
Saint-Gobain Sekurit has announced the construction of its second
auto glass plant in China. The plant will be built in the Shandong
province of Qingdao, close to the Group's float glass production
According to a company statement, Saint-Gobain Sekurit plans to
invest approximately $74 million (U.S. dollars) in the plant in
three phases between now and 2014. The first manufacturing line
will come on stream mid-2012, and, as the market grows, the company
plans to gradually increase the plant's production capacity and
be able to supply, from 2014, glass parts to equip 1.5 million vehicles
a year. This would double the company's current auto glass production
capacity in China.
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