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A New Joint Venture in China: Saint-Gobain Technical Fabrics Hongfa

05 March 2004

The Reinforcements Division of Saint-Gobain has signed an 80/20 joint venture agreement with the Chinese company HongFa Co, to form Saint-Gobain Technical Fabrics HongFa (Changzhou).

HongFa Co. manufactures and markets fabrics for the Composites and Geotextile markets. The joint-venture will combine Hongfa's position and knowledge of the Chinese market and Saint-Gobain Technical Fabrics' global reach and innovation capabilities.

Following the start-up of the Hangzhou HSGV new furnace and the launch of extension work on the DouDian BSGV furnace (in Beijing) in 2003, Saint-Gobain Technical Fabrics HongFa (Changzhou) represents a major step towards broadening the Reinforcements Division's operating presence in Asia.