Saint-Gobain Glass ups capital

Saint-Gobain Glass Romania, the local division of the French construction materials producer Saint-Gobain, increased its share capital by 12 million euros by means of a cash contribution, a decision approved by the company”s partners in April this year. Therefore, the company”s share capital will stand at 297.2 million RON, the equivalent of 350,000 dollars and 82.6 million euros. The whole share capital was subscribed and paid in, with the company”s main shareholder being Societe Financiere d”Administration et de Gestion, which owns a 99.99% stake. The company”s representatives could not be contacted for comment. The company will begin to produce flat glass in Calarasi in September, a project standing at 100 million euros. The production line will have a capacity of 600 tonnes of flat glass a day, designed for the construction industry. Fifty percent of the sales will target the Romanian market and 50% the foreign market, especially Bulgaria, Serbia and Greece. The company started works on the construction site in Calarasi in May last year. ZF