Key Developments: Compagnie de Saint Gobain SA (SGOB.PA)

SGOB.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Saint-Gobain and Central Glass set up joint venture in Indonesia to manufacture and distribute automotive glass
Friday, 5 Sep 2014 03:01am EDT 

Cie de Saint-Gobain SA:Saint-Gobain and Central Glass Co., Ltd. have just signed an agreement to create a joint venture in Indonesia that will specialize in automotive glass. Each group will have 50-pct stake in new company.Plant will be built east of Jakarta to meet the Indonesian automotive market's rapid growth.New facility is scheduled to come on stream in 2016 and will have an annual production capacity of 500,000 windshields.Agreement is subject to approval of the anti-trust authorities.Investment in Indonesia marks milestone for Saint-Gobain's growth strategy in Asia and emerging countries.  Full Article

Cie de Saint-Gobain finalizes acquisition of Z-Tech LLC
Thursday, 31 Jul 2014 08:00pm EDT 

Cie de Saint-Gobain SA:Says it has finalized acquisition of United States-based company Z-Tech LLC.Z-Tech LLC specializes in production of zirconia powder.Z-Tech LLC will become part of Saint-Gobain's Ceramic Materials division.  Full Article

Saint-Gobain PAM wins two contracts in Qatar
Monday, 28 Jul 2014 03:37am EDT 

Cie de Saint-Gobain SA:Says Saint-Gobain PAM recently signed two contracts in Qatar with AlJaber Engineering LLC worth total of about 200 million euros.Contracts involve supply of large-diameter pipes, fittings and valves.Products will be mainly manufactured in France.  Full Article

EBRD increases stake in Saint-Gobain subsidiary to 33 pct
Monday, 7 Jul 2014 12:15pm EDT 

Cie de Saint-Gobain SA:Signs agreement with EBRD (European Bank for Reconstruction and Development) whereby EBRD is to increase its participation in Saint-Gobain Construction Products Rus LLC to 33 pct from 11 pct.EBRD equity injection to contribute to financing Saint-Gobain Construction Products planned investments in Russia for three subsequent years including projects in Gypsum, Industrial Mortars and Insulation activities in several regions, among others.  Full Article

Cie de Saint-Gobain finalizes acquisition of Phoenix Coating Resources
Tuesday, 17 Jun 2014 04:15am EDT 

Cie de Saint-Gobain SA:Finalizes acquisition of Phoenix Coating Resources Inc., based in Mulberrry, Florida (United States).Acquired company is manufacturer of ceramic used in highly heat resistant coatings of metal parts designed for aeronautics.Phoenix Coating Resources is to join company's Ceramic Materials division.  Full Article

Cie de Saint-Gobain and Leclanche enter collaboration agreement to co-develop new ceramic separator
Tuesday, 10 Jun 2014 01:02am EDT 

Cie de Saint-Gobain SA:Entered into collaboration agreement with Leclanche SA to co-develop new ceramic separator for use in lithium-ion batteries.Says manufacturing of existing separator to be outsourced from Leclanche to Saint-Gobain followed by co-development of enhanced separator material.  Full Article

Cie de Saint-Gobain and Central Glass plan to set up JV in Indonesia
Monday, 2 Jun 2014 08:00pm EDT 

Cie de Saint-Gobain SA:Plans together with Central Glass Co Ltd to build automotive glass plant in Jakarta, Indonesia, due to come on stream in course of 2016.Both companies working together in automotive glass since 2002 in Japan, and 2012 in China.  Full Article

Moody's removes Cie de Saint-Gobain from ratings watch negative-L'Agefi Quotidien
Monday, 2 Jun 2014 08:00pm EDT 

Cie de Saint-Gobain SA:Moody's raises outlook on Saint-Gobain to stable from negative-L'Agefi Quotidien.Long term rating confirmed at 'Baa2.Short term rating confirmed at 'P-2.Moody's notes improvement in Saint-Gobain's financial parameters in FY 2013 and sees further improvement in operating performance and credit parameters in FY 2014 and beyond.  Full Article

Cie de Saint-Gobain downgraded to 'BBB' by Fitch; outlook stable-DJ
Wednesday, 28 May 2014 07:03am EDT 

Cie de Saint-Gobain SA:Fitch lowers Saint-Gobain's rating to 'BBB' from 'BBB+'-DJ.Outlook stable.Fitch notes that Saint-Gobain's results have suffered due to difficult economic environment, particularly in Europe.  Full Article

Cie de Saint-Gobain issues FY 2014 financial guidance
Tuesday, 29 Apr 2014 11:37am EDT 

Cie de Saint-Gobain SA:Sees improvement in operating income in FY 2014.FY 2013 EBIT 2.764 billion euros.FY 2014 EBIT 3.068 billion euros - Thomson Reuters I/B/E/S Estimates.  Full Article

BRIEF-Viel et Cie H1 net income - group share up at 12.7 mln euros

* On Friday Viel et Cie reported H1 net income - group share of 12.7 million euros versus 11 million euros in H1 2013

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