Saint-Gobain Sekurit and Trakya Cam recently signed a memorandum of understanding to set up a 50-50 joint venture specializing in the production and sale of automotive glass in Russia. The investment project aims to build a plant in the Republic of Tatarstan that would supply the full glass car-set (windshield, sidelites and backlites) in quantities sufficient to equip 500,000 vehicles a year. Production is due to come on stream in 2013.
The manufacturing facility will be located close to a flat glass (float) production plant that will be built by Trakya Cam, with the participation of Saint-Gobain, and begin production in 2012.
“This investment is completely in line with Saint-Gobain’s growth strategy in the emerging countries,” said Benoit d'Iribarne, CEO of Saint-Gobain Sekurit and Saint-Gobain Glass. “It will enable Saint-Gobain Sekurit, one of the world’s leading auto glass groups, to strengthen its industrial network and support the growth of its customers.”
According to Gulsum Azeri, Sisecam Flat Glass CEO and chairman of Trakya Cam, “This partnership project in Russia with Saint-Gobain is another milestone in the rapid growth of the Trakya Cam automotive glass business. In addition to its auto glass facilities in Turkey and Bulgaria, serving Turkish and European markets, Trakya Cam aims to efficiently serve the fast-growing Russian automotive industry from a local production base.”
For more information, visit www.saint-gobain.com