Saint Gobain Thinks Highly of the China's Abrasives Market

According to momo35.com, Meng Haowen, Asia-Pacific president of Saint Gobain Group - the glass and building materials manufacturer, said on the 350th Anniversary of the group, "China is one of Saint Gobain's most important and rapid increasing markets. In 2013, The total sales revenue of Saint Gobain in China's market was more than €1,000,000,000, amounting to 50% of the sales revenue in Asia-Pacific regions. In the future, Saint Gobain is expected to see 11% to 12% increase in sales revenue in China's market."

When it comes to where the confidence for sales revenue increase is from, CEO of Saint Gobain Group said, "Firstly, China provides tremendous market for companies. Secondly, Saint Gobain accounts for a small share in China's construction industry. So it is not difficult to achieve fast growth. Last but not least, as China is in a fast developing period, it has an increasing demand for sustainable and high-performance materials. Saint Gobain will keep developing leading products to meet the increasing market demand and achieve fast increase in sales revenue."

Founded in 1665, Saint Gobain currently has subsidiaries in 64 countries, with annual sales revenue of over €42,000,000,000. As a world leader in Abrasives, Saint-Gobain Abrasives design, manufacture and market all abrasives products under its master brands: Norton, Winter and Flexovit. By bringing the most advanced grinding and cutting technical applications, we are enhancing our customers' productivity and performance in all industrial manufacturing sectors. The group has succeeded in providing automobile safety glass for over 50% automobiles in Europe, and providing thermal insulation materials for one-thirds houses in Europe and one-fifth houses in the U.S. In 1985, Saint Gobain entered into the Chinese market. After three decades of endeavor, the Group has set up 54 enterprises and companies where nearly 10,000 employees are working for major business scope. Its products have been exported to the U.S., Japan, and other Asian countries, and have also been applied in the National Grand Theater, the Bird's Nest, Great Hall of the People, etc.

According to Meng, currently Saint Gobain's glass business is maintaining a good momentum of growth, and plans to build a new factory in Wuhan.