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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