2020-12-21
Saint-Gobain SA, the French industrial conglomerate, plans to open at least 10 plants during China’s?14th Five Year Plan period (2021-25) to ramp up its production capacity in China, in order to meet growing demand, one of its senior executives said.
China’s rapid urbanization, modern manufacturing and a vibrant services sector are all massive growth?opportunities for foreign firms as well as domestic companies. This is true for high-end plastic products, sustainable construction materials and automobile components, as well as for the company’s broad spectrum of upstream suppliers and downstream clients, said Javier Gimeno, group senior vice president and CEO of the company’s Asia Pacific operations.
Earlier this month, the company added a new production line to its performance plastics plant in Hangzhou, Zhejiang province. It will manufacture single-use products for biopharmaceutical processes. In 2021, the La Defense Cedex-headquartered group will open two more factories to produce calcined gypsum in Yangzhou, Jiangsu province, and Huzhou, Zhejiang province.