29 July 2007
29 July 2007
Saint-Gobain has signed definitive agreements to sell its Reinforcements and Composites activities to Owens Corning.
Total consideration (excluding Saint-Gobain US reinforcement fibre activities which are to be sold independently) amounts to $640 million. The overall 2006 turnover of the activities sold to Owens Corning is EUR715 million. The closure of the transaction is scheduled by the end of 2007, subject to the agreement of relevant competition authorities.
Saint-Gobain's Textile Solutions business, serving mainly construction markets, will remain part of the Group's High-Performance Materials sector.
Preparations are in progress for the resumption of the activities of the FIM Enel MotoE World Cup after the setback last March, when a fire in Jerez destroyed much of the material for the MotoE, Ego Corsa machines included.
Lightning Motorcycles is announcing today the official launch of the all-new Lightning Strike – a fully electric motorcycle designed to shock the motorcycle industry in every dimension by offering premium design, performance and technology for an ultra competitive starting price of $12,998.
Porcher Industries will assemble a talented team of professionals to present its latest innovations at Techtextil 2019, Hall 3.1, Booth H61, from 14-17 May in Frankfurt, Germany.