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Saint-Gobain lifts outlook on performance as sales momentum continues

17 May 2021 | 08:12am StockMarketWire.com - Saint-Gobain agreed to acquire Duraziv, a Romanian group specialized in the production of adhesives and other value-added construction chemicals solutions. 'This acquisition will allow Saint-Gobain to expand its range of interior and exterior finishing solutions,' the company said. The acquisition followed the recent acquisition of Scientific and Production Company Adhesive LLC in Russia, a full-cycle company specialized in polyurethane and epoxy production to develop, manufacture and supply a broad selection of high-quality products for the constru...

16 April 2021 | 08:29am StockMarketWire.com - Saint-Gobain said it had agreed to sell 67% of its pipe business in China to a consortium led by local management in a deal worth around €100 million. The sale of PAM China, expected to close during summer 2021, formed part of the Saint-Gobain's continued portfolio optimization strategy to enhance the group's growth and profitability profile. PAM China comprises a production facility in Ma'anshan, in the country's eastern region, employs almost 1,100 people, and generated €170 million in sales and €9 million in operating income in 2020. At ...

FTSE 100 tops 7,000 as strong China growth stokes global recovery optimism