10/5/11 – Saint-Gobain's Automotive Glass Business (Sekurit) Strengthens its Presence in China
Saint-Gobain Sekurit, the third largest manufacturer of automotive glass in China, announced the construction of its second Chinese automotive glass plant in the Shandong province of Qingdao, close to the group’s flat glass production site (float). This investment of approximately EUR50million will be implemented in three phases between now and 2014. The first manufacturingline will come on stream mid-2012.
As the market grows, the plant will gradually increase its production capacity and be able to supply, from 2014, all glass car-sets to equip 1.5 million vehicles a year, thus doubling Saint-Gobain Sekurit’s current production capacity in this country.
With this second leading-edge plant, boasting the latest environmental and energy-saving technology, Saint-Gobain Sekurit, world
number two for automotive glass, will reinforce its positions to competitively serve the carmakers present in China.
As the largest car-making country, China alone represents one quarter of the world’s total production and presents significant growth
potential for the years to come. This investment in China marks a new step in the group’s growth strategy in Asia and emerging countries where the Flat Glass activity is aiming to achieve 45% of its turnover by 2015, compared to 41.5% in 2010, and where it plans to earmark two thirds of its capital expenditure in the five years to come.