OWENS CORNING / SAINT-GOBAIN
Vetrotex America no longer included in merger plan
Saint-Gobain (La Defense / France; www.saint-gobain.com) has announced that Saint-Gobain Vetrotex America (Wichita Falls, Texas / USA) will not be included in the planned merger of its reinforced plastics business with that of Owens Corning (Toledo, Ohio / USA; www.owenscorning.com). This is despite earlier indications that the new company, to be called Owens Corning-Vetrotex Reinforcements – see Plasteurope.com Web of 03.08.2006 – would span all current worldwide operations of the Vetrotex subsidiary. Saint-Gobain now plans to sell the US business, which employs 760, separately. A potential buyer has not yet been identified.
20.10.2006 Plasteurope.com [206597]
Published on 20.10.2006
German version of this article...