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Compagnie de Saint Gobain ( (FR:SGO) ) has issued an announcement.
Saint-Gobain is investing €40 million to modernize its insulation plant in Azuqueca, Spain, introducing its first low-carbon stone wool production line with an electric furnace. This initiative will increase production capacity by 40% and cut CO₂ emissions by 70%, aligning with the company’s net-zero carbon ambitions. The project leverages a zero-carbon electricity supply through a Power Purchase Agreement with ENDESA, highlighting Saint-Gobain’s commitment to sustainable and high-performance insulation solutions.
More about Compagnie de Saint Gobain
Saint-Gobain is a global leader in light and sustainable construction, designing, manufacturing, and distributing materials and services for construction and industrial markets. Celebrating its 360th anniversary in 2025, the company focuses on integrated solutions for building renovation, light construction, and industry decarbonization, driven by continuous innovation. With sales of €47.9 billion in 2023 and operations in 79 countries, Saint-Gobain is committed to achieving net zero carbon emissions by 2050.
YTD Price Performance: 1.08%
Average Trading Volume: 305,278
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €42.94B
For a thorough assessment of SGO stock, go to TipRanks’ Stock Analysis page.
