Econostrum | Economic News in the Mediterranean
en.econostrum


   
en.econostrum



           

Saint-Gobain sells distribution networks but invests in production in Spain




Saint-Gobain sells distribution networks but invests in production in Spain
FRANCE / SPAIN. In a press release published on Wednesday, March 3, 2021, the French building materials group Saint-Gobain announced the creation of "a new plasterboard line at its Quinto plant, near Zaragoza, Spain". An investment of 40 M€ for a production line that will be operational in 2022, with seventy direct jobs.

According to the text, the investment in Saint-Gobain Placo Spain will allow "to integrate recycled raw materials" as well as "to digitalize and automate the entire management of production, warehouse, transport and delivery".

Saint-Gobain employs more than 5,000 people in Spain. Worldwide, the group had sales of €38.1 billion in 2020, down 3.8% at constant exchange rates, and employs 167,000 people in seventy countries.

This investment follows the sale by Saint-Gobain on February 15, 2021 of its distribution activities in Spain, which represent some thirty stores generating sales of €90 million. The group has also sold its stores in Italy (€15 million in sales) and is preparing to do the same in the Netherlands (€520 million in sales). In France, it is expected to sell the Lapeyre brand.

 

Gérard Tur


Wednesday, March 3rd 2021



Article read 923 times


Articles which should interest to you
< >