By Anthony Shevlin 
 

Compagnie de Saint-Gobain SA (SGO.FR) said Wednesday that it has acquired a 50% stake in a flat-glass production line of the Chinese group JJG.

The French company said the production line has a total annual capacity of 160,000 tons and is located in the Shandong province in north-east China.

Saint-Gobain said the investment is in line with its strategy of expanding its presence in emerging countries and increases its flat-glass production capacity for the automotive market.

No financial details have been disclosed.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

 

(END) Dow Jones Newswires

April 11, 2018 12:27 ET (16:27 GMT)

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