PARIS — Saint-Gobain is taking advantage of the U.S. housing recovery to invest in growth in the country. The building materials supplier, Europe’s largest, is investing $3 billion to reopen dormant factories and hire workers, Bloomberg reports. “We have a very solid presence in Western Europe, but we want to grow in the U.S., where I think we are not enough represented,” said CEO Pierre-André de Chalendar. Saint-Gobain, which has been mired at home in controversy over its bid to acquire a stake in Swiss chemicals firm Sika, saw 12% of its sales come from North American markets last year.
Saint-Gobain rides U.S. recovery
Most Recent
Most Read
Consumer boycott of Loblaw Companies begins
Fri, May 03rd, 2024
Pont-Masson ad evokes a classic movie
Fri, May 03rd, 2024
Featured Classified: Taiga
Fri, May 03rd, 2024
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024