7 months ago
Saint-Gobain Expands India Operations with Investments and Acquisitions
Saint-Gobain is a big company from France that makes materials for buildings.
They are planning to grow a lot in India.
They already have 82 factories there and want to have 100 soon.
They make most of their products in India and also sell them to other countries.
The company's boss, Benoit Bazin, thinks India is a great place to do business because many people live there and cities are growing.
They also have many smart people in India who help with new ideas and technology.
The company is doing well in India and wants to keep growing there.
Saint-Gobain plans to expand in India through capital investments and acquisitions.
The company currently has 82 plants in India and aims to reach 100 soon.
Over 95% of Saint-Gobain's products sold in India are made in India.
India is a key hub for Saint-Gobain's R&D and IT, with 400 researchers in Chennai and 2,000 IT developers.
The company exports products from India to Southeast Asia, the Middle East, and Australia.
- Who
- Saint-Gobain, a French construction materials company
- What
- Expanding operations in India through investments and acquisitions
- Where
- India, with exports to Southeast Asia, Middle East, and Australia
- When
- Plans to cross 100 plants in India soon
- Why
- To capitalize on India's growing population and urbanization, and to leverage India's R&D and IT capabilities
Key facts
- Company
- Saint-Gobain
- CEO
- Benoit Bazin
- Current Plants in India
- 82
- Target Plants in India
- 100
- Annual Business in India
- 2 billion euros
- Researchers in Chennai
- 400
- IT Developers
- 2,000
- Export Regions
- Southeast Asia, Middle East, Australia
Quotes
Benoit Bazin
Global CEO of Saint-Gobain
“We are convinced that the next decade will be a decade of success for India, for the economy, for the growth in construction, but also in terms of geopolitical standpoint, India is in a very good spot with the support of the demography. So I’m very confident that the future of India as a country and of the success of Saint-Gobain in India.”
thehindubusinessline.com
“India is producing more and more innovation for us, for India and for the rest of the world. India’s importance for us is not limited to the market, but also for R&D and IT, so we are confident of continuing to invest in India in the future.”
thehindubusinessline.com
Sources
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