Tag Archives: Saint-Gobain

Saint-Gobain to Increase Flat Glass Production in India

Saint-Gobain will invest around $146.5 million (€135 million) over the next two years to develop production capacity at its glass facility near Chennai, India’s largest such facility. A third flat glass production facility—the group’s fifth float in India—and a second coater for the … Continue reading

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SIKA AG Chairman: Saint-Gobain Takeover Would Destroy Company’s Value

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In a letter to Saint-Gobain shareholders, Swiss specialty company SIKA AG chairman Paul Hälg denounced the “value of the [Saint-Gobain] takeover attempt,” writing it could take years for the issues to be worked out in the court system. In response, … Continue reading

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Saint-Gobain Announces New Appointments

The Saint-Gobain Group has moved some company executives into new leadership roles, effective January 1. Claude Imauven, senior vice president in charge of the construction products sector, has been appointed chief operating officer. Benoît Bazin, senior vice president in charge … Continue reading

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SIKA Shows Growth in All Regions, Saint-Gobain Uncertainty Remains

Swiss-based specialty chemical company SIKA AG reported a 5.5 percent sales increase at constant exchange rates for the first nine months of 2015. Though results were strong, the report indicated that one uncertainty remains—Saint-Gobain. “The unknown outcome of Saint‐Gobain’s hostile … Continue reading

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Saint-Gobain Awaits Swiss Supreme Court Decision to Pursue SIKA Deal

French conglomerate Saint-Gobain plans to pursue its acquisition of a controlling interest of Swiss specialty chemical company SIKA AG pending a decision by the Swiss Zug Supreme Court. The court decision is expected in the first half of 2016, according … Continue reading

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Vetrotech Celebrates Saint-Gobain’s 350 Year Anniversary

In honor of its parent company’s 350 year anniversary, Vetrotech Saint-Gobain recently held an open house and led more than 40 people on tours of its glass factory in Auburn, Wash. Architects, glazing customers and other local Saint-Gobain plant employees … Continue reading

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Dispute Between Saint-Gobain and SIKA Continues

French conglomerate Saint-Gobain is continuing to pursue its plan to acquire controlling interest in Swiss specialty chemical company SIKA AG, according to the company’s latest letter to shareholders. Meanwhile, a letter was sent to Saint-Gobain management by SIKA’s managers “urging … Continue reading

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Saint-Gobain Opens New North American Corporate Headquarters

Saint-Gobain has officially opened its new North American corporate headquarters at 20 Moores Road in Malvern, Pa. The 320,000-square-foot campus, situated on 65 acres, underwent a renovation over the past 18 months to transform the long-dormant site into a showcase … Continue reading

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Glass Products and Machinery Offer Many Options at GlassBuild America

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For glass industry companies, GlassBuild America is one North American event that tends to draw the masses. From new equipment and machinery to glass and glazing supplies, the three-day event features hundreds of exhibitors. Glass manufacturers and suppliers make up … Continue reading

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Swiss Administrative Court: Saint-Gobain Is Not Obligated to Extend Offer to All Shareholders

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The Swiss Federal Administrative Court (FAC) had upheld Swiss specialty chemical company SIKA AG’s opt-out clause, rejecting a complaint filed over the clause by the Bill and Melinda Gates Foundation Trust and Cascade Investment. The court drama began after French … Continue reading

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