Chennai, Jan 13 (IANS) French float glass maker Saint Gobain SA will expand its facility near here with an outlay of Rs.1,000 crore over the next two years, a top official of the Indian subsidiary said on Wednesday.
The company will invest Rs.1,000 crore to set up a second magnetron coater plant and third float glass line, Saint Gobain India managing director B. Santhanam said.
The fresh investment will take the cumulative investment in the company’s plant in Sriperumbudur near here to over Rs.3,000 crore.
He said after the expansion, slated to be completed by 2018, the plant capacity will go up by 1,000 tonne to 2,500 tonne per day and serve overseas markets like Africa, Middle-East, South Asia and Association of Southeast Asian Nations countries.
Saint Gobain has a manufacturing footprint with plants in Bhiwadi (Rajasthan), Jhagadia (Gujarat) and Sriperumbudur (Tamil Nadu).