sain t-gobain annu al report 2008 annual report

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Packaging 18 Saint-Gobain Packaging ranks No.2 worldwide (1) in glass containers, with sales operations in forty-six countries and manufacturing facilities in twelve. The Sector offers its 20,000 customers the power of a global network of six Research and Development centers, 49 glass plants and 98 glass furnaces, allied with a local marketing presence in what is still an essentially regional market. In 2008, the Sector had 15,500 employees and produced 26.2 billion bottles and jars. Following the sale of its plastic pumps business in 2006 and its flasks operations in 2007, the Sector has completely refocused on its core areas of excellence – wine, champagne and spirits bottles and food jars (for baby foods, soluble products, yogurts, desserts, etc.). Saint- Gobain is a world leader (1) in these markets, a position that is supported by its strong regional footprint. The Sector also operates in other segments of the food and beverages industry, supplying glass containers for such products as fruit juices, soft drinks, mineral water and oil. In recent years, we have been pursuing an ambitious acquisitions strategy to partner our multinational packaging customers in their international expansion, starting in Eastern Europe (Ukraine and Russia) in 2005. In 2006, we strengthened our presence in Latin America and in the wine bottle market, by acquiring a majority stake in Chile-based SG Envases, whose glass plant came on stream in October 2007. Then in 2008, we acquired a controlling interest in Kamyshinsky Steklotarny, a Russian manufacturer of clear glass bottles and jars for the food industry. The Sector’s design capabilities and decoration skills, allied with its versatile manufacturing base, the proximity of its plants to customers’ production facilities, and its strong commitment to customer service have propelled it to the position of co-leader of the European market, No.2 player in the United States and leader or co-leader of each of its market segments. All of its Research and Development programs have a strong environmental focus and its business strategy is built around sustainable development targets underpinned by core social responsibility and environmental values. For example, research has been conducted into glassmaking processes, glass materials and eco-designed bottles and jars to reduce CO 2 emissions during the production process to virtually nothing. This research into the entire product life cycle, including recycling (because all Saint-Gobain - 2008 Annual Report (1) Source Saint-Gobain.
ecovered glass can be recycled indefinitely) is in line with our philosophy and enables us to offer customers a product that strengthens their ties with end-users. In 2008, the glass industry received an award for developing a technique to automatically sort glass by color and an Environment and Resource Recovery (ECOVA) project was launched, leading in the first year to the creation of optimized, eco-designed wine bottles. Glass is a pure, neutral material that protects and enhances contents without altering them and that is 100% recyclable forever. To enable customers to capture all the value of these unrivalled properties, we are strategically committed to helping them co-develop new products, by carefully and flexibly responding to their specific needs and specifications and by delivering superior quality and extensive support services. STRATEGY AND BUSINESSES 19 Packaging Businesses and Products Main Applications Main Competitors (1) Competitive Ranking (1) • Glass bottles and jars • Packaging for foodstuffs & beverages • Owens Illinois (United States, Europe, Asia, Latin America) • Anchor Glass (United States) • Ardagh (Europe) • Vetropack (Europe) • Vidrala (Europe) • Sisecam (Turkey) • World co-leader in all business segments (1) Source Saint-Gobain. Saint-Gobain - 2008 Annual Report
Page 1 and 2: 2008 annual report
Page 3 and 4: Contents 05 • Strategy and busine
Page 5 and 6: 3 STRATEGY AND BUSINESSES Jean-Loui
Page 7 and 8: Strategy and Businesses of Saint-Go
Page 9 and 10: Responding to recession by demonstr
Page 11 and 12: The High-Performance Materials Divi
Page 13 and 14: High-Performance Materials Business
Page 15 and 16: Insulation products are made from m
Page 17 and 18: Construction Products Businesses an
Page 19: Finland, Estonia, Lithuania and Pol
Page 23: The “Germ-free Surfaces” progra
Page 26 and 27: 24 2008 results dampened by the fin
Page 28 and 29: holders of the parent contracted 7.
Page 30 and 31: 28 2008 business review 2008 sales
Page 32 and 33: 30 The Division also continued to e
Page 34 and 35: 32 In the Nordic countries, Dahl de
Page 36 and 37: Sustainable development 34 Sustaina
Page 38 and 39: Environment Challenges Action taken
Page 40 and 41: 38 I. Products and services contrib
Page 42 and 43: 40 Sun Saint-Gobain is a major supp
Page 44 and 45: 42 a British trade association that
Page 46 and 47: 44 Mobilizing resources to deploy t
Page 48 and 49: 46 EHS auditors are drawn from a po
Page 50 and 51: 48 Lastly, we make every effort to
Page 52 and 53: To help them to implement the plan,
Page 54 and 55: 52 Wood dust is primarily an issue
Page 56 and 57: 54 BRØDRENE DAHL’S PROGRAM FOR R
Page 58 and 59: 56 2008-2010 OBJECTIVE Saint-Gobain
Page 60 and 61: 58 warehouses and other similar spa
Page 62 and 63: product developed in 2006 by Lapeyr
Page 64 and 65: 62 Internships during a student’s
Page 66 and 67: 64 Geographical and job mobility is
Page 68 and 69: 66 SAINT-GOBAIN AND THE BROAD-BASED
Page 70 and 71:
68 Honest, open, high quality socia
Page 72 and 73:
70 Construction Products The Constr
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72 IV. Values supporting responsibl
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74 INTERNATIONAL CORPORATE FOUNDATI
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76 In countries facing certain soci
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78 for example, 91% of the Group’
Page 82 and 83:
ENVIRONMENTAL INDICATORS 2007 2008
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Trading volume since September 2007
Page 86 and 87:
Trading volume since September 2007
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Changes in capital over the last fi
Page 90 and 91:
88 The decision to grant stock opti
Page 92 and 93:
Information Policy and 2009 Financi
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92 Yuko HARAYAMA Professor at Tohok
Page 96 and 97:
Other directorships and positions h
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96 Director’s name and current ma
Page 100 and 101:
98 • Committees of the Board. Thr
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100 The Committee’s remit, as def
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• The Annual General Meeting of J
Page 106 and 107:
4. Stock options granted to the Cha
Page 108 and 109:
106 Management compensation In Grou
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Fees paid by the Group to the Audit
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110 Related party agreements Relate
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112 The audits are based on a 20-st
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114 being applied. The TAS framewor
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Statutory Auditors’ report Prepar
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Commitment concerning the payment o
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120 Restructuring risks The Group h
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122 • Volumes are not material, o
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124 or any specific illness or phys
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The level of coverage is considered
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Consolidated balance sheet at 31 De
Page 132 and 133:
Consolidated income statement (in
Page 134 and 135:
Statement of recognized income and
Page 136 and 137:
Notes to the consolidated financial
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136 Non-current assets held for sal
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138 asset’s fair value less costs
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140 Fair value of financial instrum
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142 Other business income and expen
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2006 In 2005, the Group acquired th
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NOTE 4 Other intangible assets Pate
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NOTE 6 Investments in associates (i
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150 NOTE 8 Inventories Dec. 31, Dec
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Movements relating to stock options
Page 156 and 157:
The plan costs are calculated under
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The following tables show the funde
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Actuarial assumptions used to measu
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The effective tax rate paid by the
Page 164 and 165:
Provisions for claims and litigatio
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isks is hedged wherever possible wi
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Bond issues On June 13, 2008, Saint
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NOTE 19 Financial instruments Deriv
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NOTE 21 Business income by expense
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The weighted average number of shar
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174 In addition, as of December 31,
Page 178 and 179:
NOTE 28 Related-party transactions
Page 180 and 181:
Innovative Construction Building Pa
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Information by geographic area Fran
Page 184 and 185:
182 Principal fully consolidated co
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II - Justification of our assessmen
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Income statement at December, 31 (i
Page 190 and 191:
Balance sheet at December, 31 ASSET
Page 192 and 193:
Cash flow statement (in € thousan
Page 194 and 195:
Risk management/Financial instrumen
Page 196 and 197:
NOTE 5 Intangible assets Intangible
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Changes in Compagnie de Saint-Gobai
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Grant stock options exercisable for
Page 202 and 203:
9.4 Compagnie de Saint-Gobain Group
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NOTE 12 Debt and payables Total deb
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12.1 Perpetual bonds In 1985, Compa
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NOTE 14 Investment portfolio Countr
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COMPANIES Capital Reserves % Book v
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NOTE 18 Fees paid to the Statutory
Page 214 and 215:
Asbestos-related litigation in Braz
Page 216 and 217:
Statutory Auditors’ report on the
Page 218 and 219:
Main subsidiaries by country and de
Page 220 and 221:
Saint-Gobain Vetrotex Deutschland G
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Saint-Gobain Construction Products
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Saint-Gobain Building Distribution
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Subsidiaries: Saint-Gobain Technica
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CHINA €1 = CNY 10.227 Saint-Gobai
Page 230 and 231:
Table of concordance 1 Person respo
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COMPAGNIE DE SAINT-GOBAIN France He
Page 234 and 235:
Notes 232 Saint-Gobain - Financial
Page 236:
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