3 edition of COMPAGNIE DE SAINT-GOBAIN SA found in the catalog.
COMPAGNIE DE SAINT-GOBAIN SA
ICON Group Ltd.
April 25, 2000 by Icon Group International .
Written in English
|The Physical Object|
|Number of Pages||17|
BSN, a small but ambitious glass producer with an annual turnover of just under FRF million, had set its sights on a company with consolidated funds of more than FRF 5 billion. Infollowing a convention of all 41 directors, more fundamental reorganization of the new group led to the replacement of the six market departments by ten production-oriented branches. The merger made Saint-Gobain the world's leading manufacturer of ductile cast-iron piping for water supply systems. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. The process of mechanization had begun at the turn of the century. At the time, however, the French were not known for mirror technology; instead, the Republic of Venice was known as the world leader in glass manufacturing, controlling a technical and commercial monopoly of the glass and mirror business.
The firm's High Performance Materials segment includes its ceramics, plastics, and abrasives businesses. Entering the Modern Era After years, a fundamental shift occurred as a result of the merger with the firm of Perret-Olivier in InSaint-Gobain's profits plunged 45 percent. For more information on evaluating valuation multiples similar to this, please see our original white paper research : Making Sense Of Valuation Multiples. From its original base of flat glass manufacture in the 17th century using traditional methods, the company rapidly began to organize production on an industrial basis, establishing a strong European presence during the 19th century. Saint-Gobain did very well in North America inwhich improved the company's overall performance, and Saint-Gobain announced that it was ready to resume acquisitions now that sales and profits were back to manageable levels.
The s witnessed perhaps the most important strategic move in the recent history of the company: diversification into glass fiber. Due to the instability of this sector, a government commission recommended a fundamental regrouping. After complex negotiations, Saladin purchased the company, now to be called Dagincourt. The letters patent which created the Compagnie des Glaces granted the company a monopoly on production and sale of glass in France. This led to the establishment in of a new factory at the village of Saint-Gobain, which was located nearer Paris and was designed for the new process. The Glass unit, accounting for 38 percent of sales, provides containers, flat glass, insulation, and reinforcements.
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Oolaita, or, The Indian heroine
AroundRichard's nephew Louis was responsible for an invention that transformed the manufacture of glass and remained in use until ; glass could now be rolled out on a flat surface, allowing much larger sheets to be produced. For a short while, Saint-Gobain slowed its acquisition pace as a result of potential asbestos-related problems.
A group of Venetian glass-workers was persuaded to come to Paris, and production began in the Faubourg Saint-Antoine. Spain, Germany, Italy, Switzerland and Belgium were also important markets. Norton had a strong reputation for quality, and its purchase gave Saint-Gobain a firm presence in the North American market.
Considerable effort was devoted to improving the social and educational conditions of the workers, with the provision of schools, chapels, orphanages, savings and pension schemes, and even philharmonic and shooting societies.
These moves were prompted by the growing threat of competition from Belgiumas well as the expanding English glassworks. However, sales began to slump byand net income fell precipitously. Meanwhile the chemical side of the business had continued to decline, partly because of unsuccessful diversifications in this area.
Although the invention of float glass effectively killed off American Saint-Gobain, the parent company did not take the new process seriously untilwhen it had to be acquired on much less favorable terms than were available just after the invention was introduced in the s.
This shift left the company badly shaken and with diminished funds. The early s also saw the introduction of highly significant technical developments in glassmaking, including the Bicheroux and Fourcault processes, which allowed continuous sheets to be produced.
The glass industry continued to flourish, and Saint-Gobain acquired a stake in its famous Belgian rival, Glaceries de Saint-Roch. Various rationalizations and reforms took place from to in response to the expansion of the market.
The Glass unit, accounting for 38 percent of sales, provides containers, flat glass, insulation, and reinforcements. It looked for ways to strengthen its technology and marketing skills of each division and stepped up its distribution efforts.
The s witnessed perhaps the most important strategic move in the recent history of the company: diversification into glass fiber. The company then formed an association with Richard Lucas de Nehou, proprietor of a glassworks at Tourlaville, near Cherbourg.
Book value is an accounting term denoting the portion of the company held by the shareholders at accounting value not market value. Rescue came in the surprising form of the Geneva bank of Antoine Saladin. About Price to Book Ratio Price to book value is a financial ratio used to compare a company's book value to its current market price.
This revolutionary technique obviated the need for lengthy finishing processes. The result was increased debt countered by such austerity measures as plant rationalization.
James Press, With the support of shareholders, moves were made toward a more open management, but capital ventures continued to be financed on an internal basis.
However, ina new glass manufacturer was established in CommentryFrance, and in several Belgian glass manufacturers were also founded. Beginning intechnical expertise was sought to supplement the aristocratic element always prevalent in the company.
Management was optimistic that the company would be able to resume its growth strategy. At the village of Saint-Gobain itself, a separate workers' enclave was established inpartly as a solution to rivalry between the workers and other villagers. A brief flirtation with the products for nuclear reactors in was abandoned for political reasons.
The firm's High Performance Materials segment includes its ceramics, plastics, and abrasives businesses. Competition between France and the Venetians became so fierce that Venice considered it a crime for any glass artisan to leave and practice their trade elsewhere, especially in foreign territory.
The original name of the company was Dunoyer, after the individual to whom these privileges were accorded. Inthe company acquired Poliet SA, a French specialty distribution firm.Compagnie de Saint-Gobain S.A.
designs, manufactures, and distributes materials and solutions for wellbeing worldwide. It operates through Innovative Materials Sector, Construction Products Sector, and Building Distribution Sector segments. The company offers flat glass and high-performance materials; and insulation and gypsum products, industrial mortars, and pipe and exterior products.
Compagnie de Saint Gobain earned a daily sentiment score of on InfoTrie's scale. They also gave news coverage about the company a news buzz of out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
View News Stories for Compagnie de Saint Gobain. Jan 10, · Cie de St-Gobain analisi fondamentale, dati fondamentali, stato patrimoniale, conto economico.
Compagnie de Saint-Gobain SA -- Moody's affirms Saint-Gobain's senior unsecured ratings at Baa2, outlook stable Talk about Compagnie de Saint-Gobain S.A. below in comments section below.
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A vigorous rescue bid had to be mounted by a consortium of banks led by the Compagnie de Suez, and 40 percent of the shares changed hands during the battle.
"Compagnie de Saint-Gobain," Industry Week, June 7, "Saint-Gobain SA: Unit to Buy Dahl International in $ Million Transaction," Wall Street Journal. Oct 28, · John Bolton book intensifies calls for witnesses in Trump impeachment trial Five things to watch out for in Apple’s earnings Swiss court blocks Saint-Gobain move for Sika.