| By Saint Gobain, introduced by May Steed |
| Wednesday, 09 April 2008 |
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We all know St-Gobain for its packaging applications serving the pharmaceutical industry. The group is now communicating an important investment in Changzhou, of more than US$ 130 Million.
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As a global Fortune 500 company, France-based Saint-Gobain has quickened its deployment pace in China in the hope of riding the surging spree of China's robust economy.
On April 7th, senior corporate heads, including Raimund Heinl,
president of
Saint-Gobain
TS (technical materials), Emmanuelle Picard,
general manager for the Business Department of Grinding Wheel Mesh and for
Strategic Development of Saint-Gobain TS, Eric Daniel, global technical
supervisor for Saint-Gobain TS, and Fei Ming, general manager for the
Asia-Pacific area of Saint-Gobain TS, visited the national new & high-tech zone in Changzhou, Jiangsu Province, where Saint-Gobain has injected a total investment of US$ 131.48 million, setting up three enterprises.
Yang Pingping and Dai Xiaowen, the director and the deputy director of
the managing commission of Changzhou National High-tech District, met with
the group of senior corporate heads. Yang Pingping said that the local
government of Changzhou city will exert all its efforts to help the
enterprises in Changzhou under the investment of Saint-Gobain develop a
bigger and stronger presence in the new materials industry.
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"Changzhou is a city full of vigor, where all the enterprises set up by
Saint-Gobain gain a rapid development at present. This is inseparable from
the support of the governments at both city and district levels. We are
also very glad to further our business development in Changzhou," said
Raimund Heinl.
Since 2004, Saint-Gobain has invested US$ 131.48 million in the
Changzhou New & High-tech Zone, setting up, one after another, Saint-Gobain
Technical Fabrics (Changzhou) Co., Ltd, Saint-Gobain Gypsum Building
Materials (Changzhou) Co., Ltd., and Vetrotex Composite Material
(Changzhou) Co., Ltd., with an accumulated registered capital of US$ 55.05
million.
In Feb. 2004, Saint-Gobain Vetrotex Group made a sole investment of US$
29.98 million to set up, on its own, Saint-Gobain Technical Fabrics
(Changzhou) Co., Ltd, the sales volume of which reached RMB 180 million in
2007.
At the end of 2005, Saint-Gobain purchased Jiahui Henghe Gypsum
Building Materials (Changzhou) Co., Ltd. from BPB, after which the company
changed its name to Saint-Gobain Gypsum Building Materials (Changzhou) Co.,
Ltd. with a total project investment of US$ 48.8 million and a registered
capital of US$ 20 million. In June 2007, the company started its pilot
production, yielding a sales volume of more than RMB 46 million in just
half a year. In March 2008, Saint-Gobain finished its capital add-up
concerning the Saint-Gobain plaster project in Changzhou, bringing the
total investment and registered capital in |
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Changzhou respectively up to US$
88.2 million and US$ 29.4 million.
In May 2007, Saint-Gobain established Vetrotex Composite Material
(Changzhou) Co., Ltd., with a total investment of US$ 13.3 million and a
registered capital of US$ 9.65 million. In 2007, the sales volume of the
newly-established company reached RMB 170 million. As one of the world's
top 100 industrial groups, Saint-Gobain ranked 116th in the global Fortune
500 list in 2007 and got first place in the category of building materials
and glass. By the end of 2007, Saint-Gobain, with its 207,000-strong staff,
realized a sales volume of EUR 43.4 billion.
"We enter China with strong momentum." According to the official
website of Saint-Gobain (China) Investment Co., Ltd., the Asia-Pacific
area, especially China, enjoys the quickest growth in the international
business of Saint-Gobain, so the business lines of Saint-Gobain and its
joint ventures in China are breeding new growth points. Saint-Gobain is in
an active gesture to gain the opportunity for its further development in
China by launching its double programs concerning joint ventures and the
newly-established companies.
The guideline of Saint-Gobain is to set up, in
China, companies or branches under all of its affiliates and departments.
Since its first entry into the Chinese market in 1985 until now,
Saint-Gobain has established 46 enterprises or companies in China, with a
recruitment of 11,700 employees at the end of 2007. The sales volume of
Saint-Gobain in 2007 scored RMB 7.6 billion. |
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