RUSSIA - Saint-Gobain and Trakya Cam Announce Creation of Joint Venture to Build Float Glass Plant Russia
October 12, 2010

Saint-Gobain and Trakya Cam, a subsidiary of the Sisecam Group, have signed a contract to create a joint venture owned 70 percent by Trakya Cam and 30 percent by Saint-Gobain. The companies plan to build a float glass manufacturing unit, a mirror production line and a magnetron coater line in the Alabuga special economic area of the Republic of Tatarstan.

Total investments amount to EUR184 million (approximately 255 million USD). Work on building a float glass production line for the construction and automotive markets will begin in the last quarter of 2010, while the investments for installing the mirror and magnetron coater production lines will begin shortly after the float glass plant is operational in the second half of 2012.

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