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| Saint-Gobain and Şişecam to develop activities in Egypt and Russia France-based materials maker Saint-Gobain and Turkish glass firm Şişecam have agreed to jointly develop their flat glass (float) activities in Egypt and Russia, by carrying out two projects together. Şişecam will take a minority stake in Saint-Gobain Glass's investment project to build its first float glass production line in Egypt, alongside Saint-Gobain's local partner, MMID. In addition, a joint venture will be set up between Saint-Gobain and Şişecam for the construction of a float line in Russia, in the Republic of Tatarstan. A feasibility study for this investment was recently announced by Trakya Cam, a company of the Şişecam Group. Output from this plant will be sold in the building and automotive markets. write your comments about the article :: © 2009 Construction News :: home page |