Saint-Gobain Enters The Pdp (Plasma Display Panel) Glass Market Through A First Investment In South Korea

Saint-Gobain's Flat Glass Sector (Saint-Gobain Vitrage) has decided to expand into the booming glass market for flat TV panels, through the production of glass for PDP (Plasma Display Panel), producing large dimension screens. PDP Glass will be manufactured by DISPLAY GLASS ALLIANCE, a joint-venture created to this effect between Saint-Gobain Vitrage (30%), the Japanese glassmaker Central Glass (40%) - which already partners Saint-Gobain Vitrage in the manufacture of Automotive Glass in Japan - & the Korean glassmaker Hankuk Glass Industries (30%) - of which Saint-Gobain Vitrage is the majority shareholder. The joint venture's first processing plant will be built on the Ochang site, located 100 km from Seoul (Korea).