StockMarketWire.com - Compagnie de Saint-Gobain is to invest around euro135 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 construction market will be built on this site. The plant will produce premium high-performance, energy efficient glass using leading-edge technologies which contribute to the environment protection. Saint-Gobain says this initiative bolsters its position in flat glass as leader of the fast-growing Indian market, and is in line with the group's strategy to increase the share of its industrial assets located outside Western Europe.


At 8:22am: [LON:COD] Compagnie De Stgobain share price was +0.49p at 37.32p



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