Saint-Gobain Predicts 3-Fold Growth in India Business in 10 Years
ECONOMY & POLICY

Saint-Gobain Predicts 3-Fold Growth in India Business in 10 Years

Saint-Gobain, a France-headquartered leader in light and sustainable construction, is targeting a three-fold growth in the Indian market over the next decade, according to senior executives at the company during a meeting in Chennai. Saint-Gobain India expects to finish the current fiscal year with a turnover of Rs 142 billion, which is projected to grow to nearly Rs 500 billion by 2035.

B Santhanam, the CEO of Saint-Gobain for Asia Pacific and India, stated that if India's economy grows at 7 per cent per annum over the next two decades, the company expects its turnover to reach Rs 500 billion by 2035. He also mentioned that the company has experienced nearly 90 per cent growth in the past five years.

The group operates through three companies in India: Saint-Gobain India, the only unlisted entity, along with the listed Grindwell Norton and Saint-Gobain Sekurit India.

Santhanam shared that the company is witnessing growth opportunities across almost all verticals. He noted that apart from steel, cement, concrete, aluminium, and paints, there are few credible building material companies like Saint-Gobain, which provides a range of solutions for residential, commercial, and infrastructure sectors. He added that over 90 per cent of what the company markets is manufactured in-house. The company’s business is split as follows: glass manufacturing (including automotive, architectural, and solar) accounts for approximately 50 per cent, gypsum and construction chemicals make up about 25 per cent, abrasives and ceramics represent 20 per cent, and other unique businesses account for 5 per cent.

Saint-Gobain, a France-headquartered leader in light and sustainable construction, is targeting a three-fold growth in the Indian market over the next decade, according to senior executives at the company during a meeting in Chennai. Saint-Gobain India expects to finish the current fiscal year with a turnover of Rs 142 billion, which is projected to grow to nearly Rs 500 billion by 2035. B Santhanam, the CEO of Saint-Gobain for Asia Pacific and India, stated that if India's economy grows at 7 per cent per annum over the next two decades, the company expects its turnover to reach Rs 500 billion by 2035. He also mentioned that the company has experienced nearly 90 per cent growth in the past five years. The group operates through three companies in India: Saint-Gobain India, the only unlisted entity, along with the listed Grindwell Norton and Saint-Gobain Sekurit India. Santhanam shared that the company is witnessing growth opportunities across almost all verticals. He noted that apart from steel, cement, concrete, aluminium, and paints, there are few credible building material companies like Saint-Gobain, which provides a range of solutions for residential, commercial, and infrastructure sectors. He added that over 90 per cent of what the company markets is manufactured in-house. The company’s business is split as follows: glass manufacturing (including automotive, architectural, and solar) accounts for approximately 50 per cent, gypsum and construction chemicals make up about 25 per cent, abrasives and ceramics represent 20 per cent, and other unique businesses account for 5 per cent.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?