Saint-Gobain Glass Romania has raised its share capital by 12M euros through a cash contribution, a decision approved by the company's partners in April 2006, it was reported on 13 June 2006. The company's share capital will be ROL 297.2M. The whole share capital was subscribed & paid in, with the company's main shareholder being Societe Financiere d'Administration et de Gestion, which owns a 99.99% stake. The company will begin flat glass production from a 100M Euros plant at Calarasi in September 2006. The plant will have a daily capacity of 600/t destined for the construction industry. Sales will be split evenly between the domestic & export markets, in particular Bulgaria, Serbia & Greece. The company started building work on the Calarasi site in May 2005.
