Saint Gobain plans to triple revenue to Rs 30,000 cr in 10 years
French construction materials giant Saint Gobain has drawn India plans which will witness its top-line triple in 10 years to Rs 30,000 crore, on the back of demand increase for light construction materials that decrease carbon footprint. Saint Gobain’s plasterboards, construction chemicals that are utilised as additives in insulators, fasad, ready-mix concrete, and ceilings are noticing strong demand from the construction sector. B Santhanam, CEO of Saint Gobain, Asia-Pacific, told the media that with 46% of the population in the leading seven cities spending over Rs 90 lakh on their houses, the requirement is to provide solutions rather than sell products. Saint Gobain works in two broad businesses, viz., construction materials and second abrasives, ceramics, refractories. While worldwide the construction materials add to 85% of earnings and the remaining from the other business. In India, 70% of revenue comes from construction materials. It is increasing at a fast speed. Towards attaining the goal, the French major’s Indian arm is getting aggressive in the B2C sector. It obtained a strategic stake in LivSpace, a home interior and renovation company, which will drive its products to customers. There are many procurements that they are operating on. As part of its sustainable initiatives in the materials space, Saint Gobain has partnered with two firms, one each in Delhi and Chennai. Their focus is to produce completely recyclable products. Image Source
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