sain t-gobain annu al report 2008 annual report

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Subsidiaries: Saint-Gobain Technical Fabrics America, Inc.: industrial reinforcements. Saint-Gobain BayForm America Inc. industrial door and window parts. Ecophon C.T.T.: acoustic ceiling distribution. Sales: USD 2.95 billion. Employees: 5,456. CertainTeed Corporation sales and employees include Saint-Gobain Technical Fabrics America, Ecophon C.T.T. Bird Inc. and GS Roofing. Saint-Gobain Glass Corporation: holding company. Subsidiaries: Saint-Gobain Sekurit USA Inc., HCS Corporation, Vetrotech Saint-Gobain North America Inc. Total sales: USD 22 million. Employees: 51. Eurokera North America (50%): glass ceramic hobs. Sales: USD 39 million. Employees: 64. Saint-Gobain Abrasives, Inc.: bonded and coated abrasives, superabrasives. Sales: USD 785.3 million. Employees: 3,477. These figures include Saint-Gobain Universal Superabrasives, Inc. Main subsidiaries in the United States, Canada, Mexico and New Zealand. Saint-Gobain Ceramics & Plastics, Inc.: and subsidiaries: technical and advanced ceramics, chemical process products, high-performance plastics, fused-cast refractory products, special ceramic grains and silicon carbide products. Sales: USD 1.56 billion. Employees: 5,096. These figures include the consolidated subsidiaries. Norandex Building Materials Distribution: building materials distribution (155 outlets); siding production. Sales: USD 585.2 million. Employees: 1,289. Meyer International Inc.: Sales: USD 73.1 million. Employees: 234. CertainTeed Gypsum & Ceilings USA: plaster, plasterboard and ceiling tiles. Sales: USD 456.8 million. Employees: 892. Saint-Gobain Containers, Inc.: glass containers (bottles and jars). Sales: USD 1.49 billion. Employees: 4,522. MEXICO, COLOMBIA & VENEZUELA Colombia €1 = COP 2,869.69 Saint-Gobain de Colombia: automobile and construction glass. Sales: COP 84 billion. Employees: 392. Productora de Abrasivos: coated abrasives and grinding wheels. Sales: COP 38.7 billion. Employees: 94. FiberGlass Colombia (66.76%): glass wool for the building and manufacturing industries. PAM Colombia SA: water supply pipes. Sales: COP 45.9 billion. Employees: 17. Mexico €1 = MXN 16.304 Saint-Gobain Glass Mexico: flat glass and flat glass products. Sales: MXN 1.96 billion. Employees: 449. Saint-Gobain Sekurit Mexico: automotive glass. Sales: MXN 1.16 billion. Employees: 919. Saint-Gobain Vetrotex America - Xicoh: insect screens. Sales: MXN 749.4 million. Employees: 491. Venezuela €1 =VEB 3,158.655 Saint-Gobain Abrasivos CA: coated abrasives and grinding wheels. Sales: VEB 27.5 billion. Employees: 92. Saint-Gobain Materiales Ceramicos CA: silicon carbide. Sales: VEB 55.9 billion. Employees: 45. Fivenglass (66.76%): insulation products distribution. 224 Saint-Gobain – Financial Report 2008
BRAZIL, ARGENTINA & CHILE ASIA-PACIFIC Argentina €1 = ARS 4.711 Vidrieria Argentina (VASA) (49%): construction glass. Sales: ARS 208.8 million. Employees: 150. Saint-Gobain Abrasivos Argentina: bonded abrasives manufacturing and distribution. Sales: ARS 41.4 million. Employees: 32. Saint-Gobain Isover Argentina: fiberglass insulation and reinforcement products. Sales: ARS 71 million. Employees: 130. Barugel Azulay: kitchen, bathroom and tile distribution (14 outlets). Sales: ARS 196.6 million. Employees: 297. Rayen Cura Saic (60%): glass containers (bottles). Sales: ARS 288.4 million. Employees: 300. Brazil €1 = BRL 2.674 Saint-Gobain Do Brazil Ltda: construction glass, automotive glass, fiberglass insulation and reinforcement products. Sales: BRL 1.3 billion. Employees: 3,706. Subsidiary: Santa Veronica. owns Mineraçao Jundu (50%): quarry operator. Employees: 177. Saint-Gobain Do Brazil Weber: tile adhesive. Sales: BRL 485 million. Employees: 898. Saint-Gobain Vidros SA: glass containers (bottles and industrial jars) and glassware. Sales: BRL 453.9 million. Employees: 989. Cebrace (50%): flat glass and flat glass products. Sales: BRL 836.2 million. Employees: 906. Saint-Gobain Abrasivos Ltda: bonded and coated abrasives. Sales: BRL 452 million. Employees: 1,305. Saint-Gobain Canalização: ductile cast-iron pipes and connectors. Sales: BRL 424.2 million. Employees: 1,323. Chile €1 = CLP 762.382 Inversiones Float Chile Ltda (49%): flat glass and flat glass products. Subsidiary: Vidrios Lirquen (51%): flat glass and flat glass products. Sales: CLP 18.4 billion. Employees: 135. Saint-Gobain Envases SA (51%): glass containers (bottles). Sales: CLP 16 billion. Employees: 179. Australia €1 = AUD 1.742 Saint-Gobain Abrasives Australia Pty: Sales: AUD 94.5 million. Employees: 255. South Korea €1 = KRW 1,605.84 Hankuk Glass Industries Inc. (77%), listed on the Seoul Stock Exchange: flat glass. Sales: KRW 292.7 billion. Employees: 685. Subsidiaries: Hankuk Sekurit Limited (88.4%): automotive glass products. Sales: KRW 182 billion. Employees: 457. Hankuk Haniso. Sales: KRW 82.6 billion. Employees: 189. Indonesia Saint-Gobain Winter Diamas (75%). Employees: 246. Japan €1 = JPY 152.358 Saint-Gobain KK: superabrasives, technical ceramics, high-performance plastics. Sales: JPY 17.6 billion. Employees: 260. Saint-Gobain TM KK (60%): glass furnace refractories. Sales: JPY 10.1 billion. Employees: 195. MAG (43.6%): glass wool. Sales: JPY 4.6 billion. Employees: 175. Singapore €1 = SGD 2.076 Saint-Gobain Abrasives Singapore: Sales: SGD 35.6 million. Employees: 46. Thailand €1 = THB 48.455 Saint-Gobain Sekurit Thailand (95%): automotive glass products. Sales: THB 2.9 billion. Employees: 726. Saint-Gobain Abrasives Thailand Ltd (83.3%). Employees: 154. Thai Gypsum Products Plc (99.7%): plaster and plasterboard. Sales: THB 3.20 billion. Employees: 453. Subsidiary: BPB Asia Ltd. Employees: 41. MAIN SUBSIDIARIES 225 Saint-Gobain – Financial Report 2008
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2008 annual report
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Contents 05 • Strategy and busine
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3 STRATEGY AND BUSINESSES Jean-Loui
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Strategy and Businesses of Saint-Go
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Responding to recession by demonstr
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The High-Performance Materials Divi
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High-Performance Materials Business
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Insulation products are made from m
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Construction Products Businesses an
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Finland, Estonia, Lithuania and Pol
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ecovered glass can be recycled inde
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The “Germ-free Surfaces” progra
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24 2008 results dampened by the fin
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holders of the parent contracted 7.
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28 2008 business review 2008 sales
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30 The Division also continued to e
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32 In the Nordic countries, Dahl de
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Sustainable development 34 Sustaina
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Environment Challenges Action taken
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38 I. Products and services contrib
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40 Sun Saint-Gobain is a major supp
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42 a British trade association that
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44 Mobilizing resources to deploy t
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46 EHS auditors are drawn from a po
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48 Lastly, we make every effort to
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To help them to implement the plan,
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52 Wood dust is primarily an issue
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54 BRØDRENE DAHL’S PROGRAM FOR R
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56 2008-2010 OBJECTIVE Saint-Gobain
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58 warehouses and other similar spa
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product developed in 2006 by Lapeyr
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62 Internships during a student’s
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64 Geographical and job mobility is
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66 SAINT-GOBAIN AND THE BROAD-BASED
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68 Honest, open, high quality socia
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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’
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ENVIRONMENTAL INDICATORS 2007 2008
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Trading volume since September 2007
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Trading volume since September 2007
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Changes in capital over the last fi
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88 The decision to grant stock opti
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Information Policy and 2009 Financi
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92 Yuko HARAYAMA Professor at Tohok
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Other directorships and positions h
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96 Director’s name and current ma
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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
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4. Stock options granted to the Cha
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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
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Consolidated income statement (in
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Statement of recognized income and
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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
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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
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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
Page 176 and 177: 174 In addition, as of December 31,
Page 178 and 179: NOTE 28 Related-party transactions
Page 180 and 181: Innovative Construction Building Pa
Page 182 and 183: Information by geographic area Fran
Page 184 and 185: 182 Principal fully consolidated co
Page 186 and 187: II - Justification of our assessmen
Page 188 and 189: 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
Page 198 and 199: Changes in Compagnie de Saint-Gobai
Page 200 and 201: Grant stock options exercisable for
Page 202 and 203: 9.4 Compagnie de Saint-Gobain Group
Page 204 and 205: NOTE 12 Debt and payables Total deb
Page 206 and 207: 12.1 Perpetual bonds In 1985, Compa
Page 208 and 209: NOTE 14 Investment portfolio Countr
Page 210 and 211: COMPANIES Capital Reserves % Book v
Page 212 and 213: 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
Page 222 and 223: Saint-Gobain Construction Products
Page 224 and 225: Saint-Gobain Building Distribution
Page 228 and 229: CHINA €1 = CNY 10.227 Saint-Gobai
Page 230 and 231: Table of concordance 1 Person respo
Page 232 and 233: COMPAGNIE DE SAINT-GOBAIN France He
Page 234 and 235: Notes 232 Saint-Gobain - Financial
Page 236: Saint-Gobain photo library ; p1 ©
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