TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Compagnie de Saint Gobain ( (FR:SGO) ) has provided an announcement.
Saint-Gobain is reorganizing its construction chemicals operations in Germany to enhance growth and synergy by transferring its Weber GmbH dry mortars to the joint venture Franken Maxit Mauermörtel GmbH & Co. KG, aiming for national leadership in dry mortar manufacturing. This move, aligned with the ‘Grow & Impact’ strategic plan, will consolidate Saint-Gobain’s construction chemicals businesses under a unified organization, focusing on technical applications and specialty products, thereby strengthening its market position and better serving customer demand amid Germany’s upcoming stimulus plan.
More about Compagnie de Saint Gobain
Compagnie de Saint-Gobain is a global leader in light and sustainable construction, designing, manufacturing, and distributing materials and services for the construction and industrial markets. The company focuses on integrated solutions for building renovation, light construction, and decarbonization, emphasizing sustainability and performance. Celebrating its 360th anniversary in 2025, Saint-Gobain operates in 80 countries with over 161,000 employees and reported €46.6 billion in sales in 2024. The company is committed to achieving net zero carbon emissions by 2050.
For detailed information about SGO stock, go to TipRanks’ Stock Analysis page.