COMPAGNIE DE SAINT GOBAIN SA

COMPAGNIE DE SAINT GOBAIN SA

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Company Overview
Compagnie de Saint Gobain SA is a France-based producer, processor and distributor of materials such as glass, ceramics, plastics and cast iron. The company was incorporated in France in 1665 as part of the plan devised by Louis XIV and Colbert to restore the French economy. In 1970, the company merged with Pont-а-Mousson, the world leader in cast iron piping. The company has its registered office and corporate headquarters in Courbevoie, France.
Saint-Gobain is active in more than 50 countries worldwide, with operations in France, Western and Central Europe, the Northern and Baltic countries, Eurasia, Northern and Southern America, Central America, Africa and the Asia Pacific. The company is listed on the stock markets in Paris, London, Frankfort, Zurich, Brussels, Amsterdam. The company operates in a number of business lines grouped into 5 divisions, namely, the Building Materials Distribution division, the High-Performance Materials (HPM)division, the Flat Glass division, the Packaging division, and the Construction Products division. The Building Materials Distribution division is engaged in the distribution of building materials for construction, restoration and home improvement, with a network of 3,600 outlets located in more than 20 countries including France, the United Kingdom, Germany, and the Netherlands. The High-Performance Materials (HPM) division produces reinforcement materials, ceramics, plastics and abrasives. The Flat Glass division is engaged in the manufacture of basic flat glass products, the processing and distribution of glass for the building industry, flat glass products for the automotive industry, and the production of specialty glass, which includes products for home appliances, nuclear safety glass, fireproof glass and glass for electronic products. The Packaging division is engaged in the manufacture of glass bottles and jars for the packaging of foodstuffs and beverages, and the manufacture and sale of glass flasks for perfume and pharmaceutical products. The Construction Products division is engaged in the manufacture of thermal and sound insulation, siding, roofing, interior and exterior construction and renovation and piping construction materials.
Business Summary
The Company is one of the world leaders in the production and distribution of construction materials. Net sales break down by activity as follows:
– distribution of materials (43.8%; No. 1 in Europe): owns a network of 4,200 points of sales at the end of 2008 (mainly the names Point.P and Lapeyre in France, Jewson and Graham in the United Kingdom, Raab Karcher in Germany, Dahl in Scandinavia and Telhanorte in Brazil);
– manufacturing of construction products (26.7%): exterior products (PVC and faзade products, asphalted shingles, etc.), insulation (glass wools, insulating foams, metal ceilings, etc.) and ductwork, industrial mortars, and gypsum materials;
– manufacturing of glass (12.7%): plate glass, automobile windows, specialty glass (fire and nuclear protection glasses, etc.). The group also transforms and distributes building glass;
– manufacturing of high performance materials (9.3%): ceramic products (No. 1 worldwide in thermal and mechanical applications for ceramics) and plastics (No. 1 worldwide), abrasive products (No. 1 worldwide) and reinforcing materials (No. 1 worldwide in wire of glass);
– packaging manufacturing (7.9%): glass bottles and jars for beverages and food products.

Description and history
The Company is one of the world leaders in the production and distribution of construction materials. Net sales break down by activity as follows:
– distribution of materials (43.8%; No. 1 in Europe): owns a network of 4,200 points of sales at the end of 2008 (mainly the names Point.P and Lapeyre in France, Jewson and Graham in the United Kingdom, Raab Karcher in Germany, Dahl in Scandinavia and Telhanorte in Brazil);
– manufacturing of construction products (26.7%): exterior products (PVC and faзade products, asphalted shingles, etc.), insulation (glass wools, insulating foams, metal ceilings, etc.) and ductwork, industrial mortars, and gypsum materials;
– manufacturing of glass (12.7%): plate glass, automobile windows, specialty glass (fire and nuclear protection glasses, etc.). The group also transforms and distributes building glass;
– manufacturing of high performance materials (9.3%): ceramic products (No. 1 worldwide in thermal and mechanical applications for ceramics) and plastics (No. 1 worldwide), abrasive products (No. 1 worldwide) and reinforcing materials (No. 1 worldwide in wire of glass);
– packaging manufacturing (7.9%): glass bottles and jars for beverages and food products.
Net sales are distributed geographically as follows: France (28.4%), Europe (43.7%), North America (12.7%) and other (15.2%).

History
The Company was created in 1665 as part of the plan devised by Louis XIV and Colbert to restore the French economy.
Entrusted to private entrepreneurs, the Company broke with the factory tradition by organizing glass production on an industrial basis.
Thanks to the invention of glassware casting (1688), the Company established a near-monopoly in 17th-century Europe and ousted Venice, which was then the leader in this sector.
In the 19th century, an environment of newfound economic freedom and open international competition prompted the Company to cross the French borders and organize its glass production on a European basis. This strategy led the company to establish units in Germany (1857), Italy (1889) and Spain (1904).
With the first half of the 20th century came the diversification of glass applications (glass wool, glass fiber, hollow glass).
In 1970, the Company’s merger with Pont-а-Mousson, the world leader in cast iron piping, gave birth to a producer of materials and capital goods geared to the global dimension of its markets.
Since 1997, the Group focuses on business sectors in which it holds strong positions and the assets necessary for growth.
The acquisition of Poliet in 1996 completed its expertise in distribution.
The Company has also been established for many years in North and South America. In 1831, it opened its first glass sales depot in New York.
In 1920, the Company invested in several cast glass companies in order to build up its industrial position in the United States.
After developing the TEL glass wool production process, the Company signed its first agreements with CertainTeed in 1967.
Following the acquisition of Norton in 1990, the Company acquired Ball Foster Glass in 1995.

Incorporated in France as part of the plan devised by Louis XIV and Colbert to restore the French economy

Description in French
La Sociйtй figure parmi les leaders mondiaux de la fabrication et de la commercialisation de matйriaux de construction. Le CA par activitй se rйpartit comme suit :
– distribution de matйriaux (43,8% ; n° 1 europйen) : dйtention, а fin 2008, d’un rйseau de plus de 4 200 points de vente (notamment enseignes Point.P et Lapeyre en France, Jewson et Graham au Royaume Uni, Raab Karcher en Allemagne, Dahl en Scandinavie et Telhanorte au Brйsil) ;
– fabrication de produits de construction (26,7%) : produits d’extйrieur (produits de faзade et en PVC, bardeaux asphaltйs, etc.), d’isolation (laines de verre, mousses isolantes, plafonds mйtalliques, etc.) et de canalisation, mortiers industriels et matйriaux en gypse ;
– fabrication de vitrages (12,3%) : verre plat, vitrages d’automobile, verres de spйcialitйs (verres anti-feu, de protection nuclйaire, etc.). Le groupe dйveloppe йgalement une activitй de transformation et de distribution de verre pour le bвtiment ;
– fabrication de matйriaux haute performance (9,3%) : produits cйramiques (n° 1 mondial des applications thermiques et mйcaniques des cйramiques) et plastiques (n° 1 mondial), produits abrasifs (n° 1 mondial) et matйriaux de renforcement (n° 1 mondial des fils de verre) ;
– fabrication de conditionnements (7,9%) : bouteilles et pots en verre pour boissons et produits alimentaires.
La rйpartition gйographique du CA est la suivante : France (28,4%), Europe (43,7%), Amйrique du Nord (12,7%) et autres (15,2%).
Historique
La Sociйtй est une sociйtй anonyme de nationalitй franзaise.
La Sociйtй a йtй crйй en 1665 dans le cadre du plan de relance йconomique de la France voulu par Louis XIV et Colbert. Confiйe а des entrepreneurs privйs, la sociйtй a rompu dиs l’origine avec la tradition artisanale des manufactures en organisant la production de la glace selon une logique industrielle. Grвce а une invention technologique dйcisive, le coulage du verre en table (1688), elle s’empare d’un quasi-monopole en Europe au XVIIIиme siиcle et prend le relais de Venise.
A partir du XIXиme siиcle, le contexte nouveau de libertй йconomique et de concurrence internationale ouverte amиne la Compagnie а sortir rapidement des frontiиres franзaises et а organiser un espace europйen de production du verre. Cette politique a entraоnй des implantations du Groupe en Allemagne (1857), Italie (1889) et Espagne (1904), qui sont les bases historiques de son actuelle internationalisation.
La premiиre moitiй du XXиme siиcle a йtй marquйe par la diversification des applications du verre (laine de verre, fils de verre, verre creux).
Depuis 1970, la fusion de la Sociйtй avec Pont-а-Mousson, crйй en 1856 en Lorraine et leader mondial du tuyau de fonte, a donnй naissance а un groupe producteur de matйriaux et de biens d’йquipement adaptй а la taille mondiale des marchйs.
Depuis 1990, le Groupe est concentrй sur des mйtiers oщ il dispose dйjа de positions fortes et des atouts nйcessaires а son dйveloppement.
L’acquisition de Poliet en 1996 lui permet de complйter ses savoir-faire au travers du secteur de la distribution.
La prйsence de la Sociйtй sur le continent nord et sud-amйricain est йgalement ancienne.
Un dйpфt de vente de glaces a йtй ouvert а New York en 1831. Vers 1920, la Compagnie avait pris des intйrкts dans plusieurs affaires de verre coulй, dans l’espoir de dйvelopper sa prйsence industrielle aux Etats-Unis.
C’est grвce au procйdй TEL de fabrication de laine de verre que la Sociйtй passe ses premiers accords avec CertainTeed en 1967.
L’annйe 1990 est marquйe par l’importante acquisition de Norton et l’annйe 1995 par celle de Ball Foster Glass.

Description in Italian
La societa e il risultato di una fusione tra il Cie de Saint-Gobain (1665) ed il Cie de Pont-a-Mousson (1854). Gli prodotti principali della societa sono: Vetro piatto, isolamento, contenitori, rinforzamenti di fibra, tubi ed apparato, cemento di fibra e tegole, carta e prodotti di legno.
Business Line
Producer, processor and distributor of materials such as glass, ceramics, plastics and cast iron
Subsidiary
4311493 CANADA INC
Advisor
PRICEWATERHOUSECOOPERS AUDIT
IPO date

US SIC Code
3211
Company Address
LES MIROIRS
18, AVENUE D’ALSACE
City province or state postal code
92400, COURBEVOIE
Phone: +33 1 47 62 30 00
Fax: +33 1 47 62 50 62
Country address: FRANCE
Website url: www.saint-gobain.com