120m euro Saint Gobain project

The French at Saint Gobain have an about 120 million euro investment project for a float glass factory in Calarasi, as specified by the Minister of Economy and Trade. The representatives of the French group declined comment. While talking about major investment projects, Dan Ioan Popescu, Minister of Economy and Trade mentioned the project of the French Michelin Company to build a steel cord factory in Zalau in an about 100 million euro investment, as an example, as well as the project of those at Saint Gobain, and German INA Schaeffer’s project to invest in an automotive mechanical parts factory in Brasov, worth 180 million euros. Saint Gobain’s representatives have recently said a decision about the possible investment will be made this month, as they were also considering other countries in the region where the factory might be built. It remains to be seen whether the project of the French group materialises, given that another international competitor, British glassmaker Pilkington dropped plans to build a cast glass factory in Romania, an investment estimated to $100 million. ZF