Saint Gobain, the French construction and manufacturing company, has revealed plans to introduce a new business strategy.
The firm aims for its new strategy, dubbed the “Transform and Grow Program”, to improve margins and cost savings.
The Courbevoie-based company’s transformation accelerator will feature a new organisational structure and an additional portfolio review.
“Saint-Gobain is evolving in a fast changing market environment which can be a source of substantial growth opportunities, provided we are sufficiently close to our markets and sufficiently agile,” commented Pierre-André de Chalendar, Chairman and CEO of Saint Gobain.
“We are launching an ambitious transformation plan, ‘Transform and Grow’ based on two pillars, an in-depth transformation of the Group’s organizational structure and an accelerated portfolio rotation program.”
“Much leaner, more integrated, with a strong entrepreneurial spirit and putting digital at the heart, our new organizational structure will allow us to be more aligned with our customers, more agile and more synergistic.”
The new structure will be formed of five units: Northern Europe; Southern Europe, Middle East, and Africa; Americas; Asia-Pacific; and High Performance Solutions.
“‘Transform and Grow’ will allow us to unlock substantial additional growth and profitability potential,” stated Benoit Bazin, Senior Vice-President in charge of the Construction Products Sector at Saint Gobain.
“It will put our teams in an ideal situation to fully leverage our portfolio of solutions in each country and our market synergies for the benefit of our customers.”
“We are also setting ourselves ambitious financial targets for this transformation, including €250 million of additional savings thanks to a leaner and more efficient organization contributing to an overall improvement of more than 100 basis points in our operating margin by 2021.”