Adfors Dublin 627e7ea3abf22

Saint-Gobain Adding 400 Jobs in Georgia

May 13, 2022
The construction materials manufacturer’s latest U.S. investment will double a plant’s fiberglass capacity.

Global construction and industrial materials maker Saint-Gobain plans to invest $28 million to double the fiberglass products capacity of a plant southeast of Atlanta. The project will add 400 jobs over the next two years, company officials said this week, to a workforce that currently numbers about 70.

Saint-Gobain’s Adfors Americas Inc. subsidiary acquired the four-year-old plant in Dublin, Georgia, nearly two years ago, when it paid $17.5 million in cash to P-D Valmiera Glass USA Corp. as that company was going through Chapter 11. The Adfors team will restart the facility’s furnace, which was idled in 2019, as part of this expansion effort. Georgia economic development officials are supporting Saint-Gobain with more than $12 million in tax credits and incentives, including about $1 million in workforce training.

The investment–which the Associated Press reported will grow annual output 50,000 tons of glass fiber–adds to similar Saint-Gobain initiatives underway that North American CEO Mark Rayfield two months ago told IndustryWeek will help the company feed a housing market hungry for more materials. Among other outposts getting growth capital are insulation plants in California and Georgia and a roofing materials factory in North Carolina. In all, Saint-Gobain is putting to work $400 million on projects that will come online between now and mid-2024.

Saint-Gobain employs 166,000 people in 75 countries and last year rang up sales of more than $50 billion. The company’s Paris-listed shares (Ticker: SGO) rose more than 2% to about $53.50 May 13. Year to date, they’re down about 15%, trimming the company’s market capitalization to about $28 billion.

About the Author

Geert De Lombaerde | Senior Editor

A native of Belgium, Geert De Lombaerde has been in business journalism since the mid-1990s and writes about public companies, markets and economic trends for Endeavor Business Media publications, focusing on IndustryWeek, FleetOwner, Oil & Gas JournalT&D World and Healthcare Innovation. He also curates the twice-monthly Market Moves Strategy newsletter that showcases Endeavor stories on strategy, leadership and investment and contributes to other Market Moves newsletters.

With a degree in journalism from the University of Missouri, he began his reporting career at the Business Courier in Cincinnati in 1997, initially covering retail and the courts before shifting to banking, insurance and investing. He later was managing editor and editor of the Nashville Business Journal before being named editor of the Nashville Post in early 2008. He led a team that helped grow the Post's online traffic more than fivefold before joining Endeavor in September 2021.

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