Saint-Gobain India Doubles Insulation Production

Saint-Gobain India intends to increase its production capacities for glass and stone wool insulation by twofold as a part of a new investment phase. The company aims to achieve revenues of US$4.3bn across its various businesses by 2032. According to The Hindu newspaper, this indicates a threefold increase from the levels observed in 2023.

Saint-Gobain India identified medium-sized companies operating in the insulation sector as appropriate candidates for acquisition. The investment phase would involve a total capital expenditure (capex) ranging from US$719 million to US$959 million between 2021 and 2025. By the end of 2023, the company had made a total investment of US$1.58 billion.