Saint-Gobain CEO Says Sika Strategy Won’t Change: Tages-Anzeiger
2015-03-22 15:23:27.651 GMT
By Giles Broom
(Bloomberg) -- Sika will maintain its strategy, Pierre-
Andre de Chalendar, CEO of French building materials co. Saint-
Gobain, is cited as saying in an interview with Tages-Anzeiger.
* Co. has no plans for plant closures or layoffs at Sika for
at least next two yrs
* Sika could increase the number of employees in Switzerland
* Sika has a good policy of acquiring SMEs
* Saint-Gobain plans to transfer some research and development
to Sika
* Only 10% of Sika, the mortar business, overlaps with Saint-
Gobain
* NOTE: Sika is seeking to block the sale of a controlling
stake by the founding family to rival Saint-Gobain
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To contact the reporter on this story:
Giles Broom in Geneva at +41-22-317-9212 or
gbroom@bloomberg.net
To contact the editor responsible for this story:
Mark Bentley at +49-699-204-1262 or
mbentley3@bloomberg.net
2015-03-22 15:23:27.651 GMT
By Giles Broom
(Bloomberg) -- Sika will maintain its strategy, Pierre-
Andre de Chalendar, CEO of French building materials co. Saint-
Gobain, is cited as saying in an interview with Tages-Anzeiger.
* Co. has no plans for plant closures or layoffs at Sika for
at least next two yrs
* Sika could increase the number of employees in Switzerland
* Sika has a good policy of acquiring SMEs
* Saint-Gobain plans to transfer some research and development
to Sika
* Only 10% of Sika, the mortar business, overlaps with Saint-
Gobain
* NOTE: Sika is seeking to block the sale of a controlling
stake by the founding family to rival Saint-Gobain
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Giles Broom in Geneva at +41-22-317-9212 or
gbroom@bloomberg.net
To contact the editor responsible for this story:
Mark Bentley at +49-699-204-1262 or
mbentley3@bloomberg.net