Insulation industry news from Global Insulation

South Korea: Hankuk Glass Industries (HGI), a subsidiary of Saint-Gobain, has launched a tender offer to acquire the 23% of its shares owned by minority shareholders. As a result of this successful offer, Saint-Gobain, together with HGI, now holds 96.8% of the share capital of HGI, with a delisting planned. HGI manufactures insulation for the construction and automotive markets and glass products for markets in South Korea and Asia.