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.
Asia-Pacific and India regional CEO B Santhanam said "We have made huge investments in India, and quite a lot of them were in new plants."
Source: Global Insulation
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