FGC Group Expands Its Presence in the Russian Glass Market with Acquisition of NSG Group Assets
FGC Group, a leading player in the industry, proudly announces the successful acquisition of NSG Group assets in Russia, including the renowned Pilkington Glass Russia plant and the esteemed STiS Group. This significant expansion solidifies FGC Group’s position in the glass market and opens up new opportunities for growth and innovation.
Strengthening the Glass Industry Landscape in Russia
Pilkington Glass Russia, based in Ramenskoye, Moscow Region, boasts a glass factory with a remarkable daily production capacity of 800 tons. This state-of-the-art facility contributes to the manufacturing of diverse glass products, catering to both the local and international markets. Additionally, the esteemed STiS Group comprises eight strategically located production sites specializing in the production of double-glazed windows and specialized glass products.
Enhancing FGC Group’s Portfolio
With the acquisition of NSG Group’s assets, FGC Group solidifies its position as a dominant force in the glass industry. The company’s extensive portfolio now includes three flat glass plants and eight glass processing plants. The renowned Pilkington Glass plant will operate under the esteemed Larta Glass brand, while the STiS Group will continue its growth trajectory in the double-glazed windows market under its current brand.
A Vision for the Future: Driving Innovation and Market Expansion
Vladimir Voronin, President of FGC Group of Companies, expresses his enthusiasm for this strategic move, stating, “The acquisition of Pilkington Glass and other NSG Group assets allows us to reinforce our expertise, expand our market share, and diversify our range of glass products. By bringing together industry experts and fostering collaboration, we will unlock new possibilities in terms of product offerings, service quality, and logistical excellence.”
Elena Rassudimova, CEO of Larta Glass, emphasizes the potential for growth and customer benefits in the joint venture, stating, “The union of the Pilkington Glass team and Larta Glass signifies a new chapter in our strategic development. Together, we will offer an expanded range of high-quality products, unparalleled service, and innovative solutions for glass utilization in building facades and interiors. This partnership will enhance long-term collaborations, tap into export potential, and deliver exceptional value to our customers.”
Seizing Growth Opportunities: Collaborative Synergies
Maxim Malikov, CEO of Pilkington Glass Russia, views this acquisition as a significant growth opportunity, affirming, “Bringing our factories together under one brand enables us to leverage the expertise of two major players in the glass industry and propel glass production in Russia to new heights. Complementing each other’s competencies, we are poised to elevate our products, services, and overall offerings to unprecedented levels of quality and innovation.”
Alexei Lyashko, General Director of STiS Group, shares the sentiment, adding, “We are thrilled to join forces with FGC as our buyer, as we share similar values and possess synergistic potential to enhance operational capabilities. This partnership enables us to scale up our collective experience and drive the development of glass production in Russia.”
Continuity and Integration
Both FGC Group and the acquired companies will continue to operate as usual, upholding their commitment to delivering high-quality products and services. Pierre Polikarpov, leading the M&A team, will oversee the deal and ensure smooth integration, building upon the successful acquisition of Larta Glass plants by FGC Group.
About FGC Group
FGC Group of Companies, a prominent player in the construction and development industry, boasts an extensive portfolio of projects across multiple regions in Russia. Their core activities encompass the construction of residential and commercial properties, transportation infrastructure, and social facilities. The Group’s commitment to excellence and stability is underscored by its A- (RU) credit rating, confirmed by the Russian rating agency ACRA. With a revenue exceeding 174 billion rubles in 2022, FGC Group continues to shape the industry landscape.
About Larta Glass
Larta Glass, a major manufacturer of sheet glass, coated glass, and mirrors in the CIS countries, operates two state-of-the-art production facilities. The plants, located in Ryazan and the Rostov region, boast a combined daily production capacity of 1,650 tons. With a focus on innovation and quality, Larta Glass supplies glass products for architectural projects globally, with over 10,000 completed projects to date.
About Pilkington Glass Russia
Pilkington Glass Russia, a subsidiary of the globally recognized Pilkington brand, specializes in manufacturing high-quality glass for windows and facades. With a state-of-the-art facility in Ramenskoye, Moscow Region, boasting a daily production capacity of 800 tons, the plant produces a wide range of glass products with low-emission and multifunctional coatings. Pilkington Glass Russia’s products are highly sought-after, with a presence in 130 cities across Russia and international export markets.
About STiS Group
Founded in 1999, the STiS Group of Companies has established itself as a leading developer and manufacturer of double-glazed windows in Russia and the CIS. With eight production sites across various regions, including Serpukhov, Vladimir, Saratov, Naberezhnye Chelny, Krasnodar, Stavropol, Voronezh, and St. Petersburg, the company offers a wide range of double-glazed windows with exceptional thermal, sun-protection, and noise-insulating properties.
Source: FSK Group with additional information added by GlassBalkan
