Saint-Gobain Glass India has inked a definitive binding deal to acquire Sezal Glass’ float glass operations in India. As per the agreement, Saint-Gobain Glass India will buy the latest float glass facility situated in Bharuch, Gujarat as well as the business assets from Sezal Glass.
The production capacity of the float glass plant, which started production in February 2010, is 550 tons of flat glass per day. Sezal Glass supplies the flat glass to the architectural industry.
With this acquisition, Saint-Gobain Glass will expand its industrial footprint in India. The company operates a huge production complex near Chennai. It comprises two float glass facilities, an architectural glass transformation facility, processing plants for automotive glass, a mirror line and a magnetron line to manufacture coated glass. The company also operates automotive glass processing facilities in Pune and is building a new float glass facility near Delhi, which is slated for operation in the beginning of 2012.
The acquisition is part of the company’s strategy to expand its footprint in high-growth nations and deliver superior quality glass products, including sophisticated glass solutions that deliver both energy performance and comfort.
Source: http://www.saint-gobain.com