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| Saint-Gobain to expand its Insulation Business in Japan and Russia France's Saint-Gobain, the world's largest building materials company, plans to build a new glass wool production facility near Osaka in the Kansai region through its local subsidiary Mag-Isover, Japan's leading insulation manufacturer. With planned capacity of 60,000 tonnes, the plant is scheduled to come on stream before the end of 2013. Representing a total investment of around €140 million, the plant will directly employ more than one hundred people. Its output will add to the 90,000 tonnes of glass wool currently being produced by the Mag-Isover facilities located near Tokyo in the Kanto region. This will bring the company's total production capacity across its four plants to 150,000 tonnes. This investment comes at a time when Japan urgently needs to reduce its energy consumption. Buildings account for 30% to 40% of the energy consumed in the country, and therefore offer enormous energy saving potential, particularly in the areas of heating and air conditioning. Saint-Gobain is also pursuing its expansion in Russia, where the Insulation Activityhas acquired Linerock, a company based in Tcheliabinsk. Linerock is the Ural region's leading manufacturer of rock wool products, the most widely used insulation materials in the Commonwealth of Independent States (CIS). The company employs over 500 people and reported consolidated revenues of around €25 million in 2010. The Linerock acquisition will enable Isover to extend its geographical presence and enhance its product range to become a major player in Russia's fast-growing insulation market. write your comments about the article :: © 2011 Construction News :: home page |