Saint-Gobain inaugurates three world class facilities with an investment of over INR 1200 crs
Saint-Gobain
inaugurates three world class facilities with an investment of over INR 1200 crs
French glass
manufacturing company Saint Gobain on Monday inaugurated its new float glass
manufacturing unit, which has come up at a cost of Rs 1,200 crore at its
existing plant at Sriperumbudur.
The facility was
inaugurated by Chief Minister Edappadi K Palaniswami. The new facility is the
third manufacturing unit at its existing plant at Sriperumbudur. The new unit
has been designed to meet the growing demand of both domestic and international
glass markets.
The third float
glass plant is the largest facility in India and equipped with world class
technologies and one of its kind to manufacture a wide range of complex
products that cater to the needs of sustainable habitats and affordable luxury.
The new plant is an
automated, energy-efficient, scalable and state-of-the-art integrated facility.
The modern plant has been equipped with advanced robotic technology and it has
a 3.5-MW roof-top solar power generation facility.
“I am happy to see
the growth of the company. It has been continuously investing in the state and
during the recently concluded Global Investors Meet also, it announced to
invest another Rs 720 crore,” said Palaniswami. The new unit will help in
generating at least 400 jobs.
Along with the new
unit, an advanced magnetron coater and glass solutions line and a
72-million-litre-capacity rainwater harvesting reservoir facility was also
inaugurated by the Chief Minister at the plant site.
The magnetron coater
facility has a capacity to manufacture 140 million sq ft of high-performance
and energy-efficient glass catering business across Africa, West Asia, ASEAN,
Oceania region.
“This new expansion
will accelerate Saint Gobain’s momentum in realising the vision of being the
clear choice for glass solutions in India and adjoining region. Besides, the
Sriperumbudur plant will turn a regional hub for catering to the needs of
international clients,” said B Santhanam, managing director of Saint Gobain
India Private Limited.
“As one of the
fastest growing economies in the world, India was an important market and
investment destination for Saint Gobain,” said Pierre-Andre de Chalendar,
Chairman and Chief Executive Officer, Compagnie de Saint-Gobain, France.
On the occasion, the
company also expressed its interest in using a portion of sand mined by
integrated Neyveli Lignite Corporation (NLC).
Presently, the
company uses sand imported from Egypt and Gujarat to manufacture glass at its
Sriperumbudur plant. “We want the state
government and NLC to agree on logistics and royalty for the sand,” Santhanam
said.