French company Saint Gobain will invest an additional ₹3,400 crore in Tamil Nadu across its different businesses. This will take the company’s total investment in the state to nearly ₹8,000 crore.

(In July 2022, Saint Gobain had told businessline that it would invest around ₹8,000 crore in expanding its India operations.)  

B Santhanam, CEO, Asia Pacific and India region and Chairman, Saint-Gobain India, said in the release, “We are investing ₹3,400 crore across different businesses: glasswool, gypsum plasterboard, plaster, acoustic ceiling, floating glass, solar glass, adhesives, sealants, mortars, and ceramics in our next phase of expansion in Tamil Nadu.”

The announcement was made after the company’s global board, led by Pierre-Andre de Chalendar, Chairman, and Benoit Bazin, CEO, met Tamil Nadu Chief Minister MK Stalin, senior ministers, and officials of the State government on Friday.

Tamil Nadu Industries Minister TRB Rajaa in a statement on X (Twitter) said the Chief Minister Stalin interacted with members of the global board of Saint Gobain, who have assembled here for their first ever annual board meeting outside of France in the over 350-year history of their company, which is present in 76 countries.  

Also read
B Santhanam, CEO, Asia Pacific and India, Saint-Gobain

Saint-Gobain completes ₹400-cr acquisition of Twiga Fiberglass 

People shout slogans as they wear banners during a protest against the redevelopment of Dharavi, one of Asia’s largest slums, by the Adani Group in Mumbai, India, August 9, 2023. Banners read: “Remove Adani, Save Dharavi” and “First we fought the whites now we fight the thieves”.

Adani's bid to remake Mumbai slum spurs residents' doubts, favouritism claims

K Mahalingam, Director, TSM Group of companies

K Mahalingam elected President of MMA 

Inside Saint-Gobain’s factory in Sriperumbudur

For Saint-Gobain, the glass is green 

Saint Gobain’s India operations turned over ₹12,300 crore in 2022; it produces about 1.3 million sq metres of glass from its plant at Sriperumbudur, near Chennai, and 90 million sq metres of plasterboards.

Santhanam had told businessline in April that the company was keen on glasswool-based insulation materials. In December 2021, Saint Gobain acquired Rockwool India for ₹150 crore and followed it up with another acquisition of the UP-based glasswool manufacturer, Twiga, for ₹400 crore. Both Rockwool and Twiga produced glasswool and stone wool under Saint Gobain licences; the products are used in thermal, acoustic, and fire-safety applications. 

Related Topics