Saint-Gobain SuccessStory

Saint-Gobain is a leading multinational corporation which is primarily known for manufacturing building materials and most prominently, glass. The company is based in France and is listed on Euro Stoxx 50 stock market index. Started almost 350 years ago, Saint-Gobain has established a worldwide market base. Apart from glass, it is also known for the production of ceramics, plastics, abrasives, gypsum plasterboards, packaging and countless other materials required in construction. As of 2015, the corporation has offices in Africa, Asia, North and South America, Australia and Europe. It has a workforce of 185,364 people and a turnover of 42.025 billion USD annually. Pierre-André de Chalendar currently serves as the company’s CEO and Chairman.

Establishment

Saint-Gobain’s origin dates back to the mid-seventeenth century when mirrors were popular among the upper-class society in entire Europe; but largely, Italian produced goods were in demand as most of the countries didn’t know the art of producing products that matched in quality. Hence, French finance minister at the time, Jean-Baptiste Colbert wanted the French to be dependent on none for such luxury produces. This led to the establishment of a public enterprise by the name of Manufacture royale de glaces de miroirs. Soon, it started producing mirrors that were utterly luxurious and sufficed the needs of the French high society.

After the Industrial Revolution took place, the company entered a new phase. From being a public enterprise, it now began to accept participation from private investors. Private funds were invested even though most of it was still under the control of the French state. Soon after Louis-Philippe was crowned as the new king, Saint-Gobain shifted its interest from manufacturing of just mirrors towards glass panes for various other uses in the construction of buildings.