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 823 times


Articles which should interest to you
< >

Wednesday, March 10th 2021 - 14:53 France joins the Eastern Mediterranean Gas Forum


Reflection

From "free and democratic Algeria" to "civil and non-military state"

Razika Adnani, philosopher and specialist in issues related to Islam, member of the Orientation Council of the Fondation de l'Islam de France, of the Scientific Council of the CEFR and of the analysis group JFC Conseil
Grand angle


News feed

Follow us
Facebook
Twitter
Newsletter
YouTube Channel


News by area

Algeria Egypt Spain France Greece Israel Italy Jordan Lebanon Libya Morocco Portugal Syria Tunisia Turkey Europe MENA