Saint-Gobain stock advances Aviles furnace project after permit
Published on 11/12/2026 at 17:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAviles project moves toward construction
- Saint-Gobain received the final permit for a highly electrified hybrid flat-glass furnace in northern Spain.
- Production at the existing furnace is scheduled to stop on November 16, setting a near-term execution milestone.
- The project is intended to support lower-carbon, higher-value glass production while Chinese imports pressure local pricing.
Saint-Gobain received final administrative approval on Thursday, November 12, for the FurHya project, a highly electrified hybrid furnace for flat glass at its Aviles plant in northern Spain. The permit allows construction to move ahead after the Aviles city council approved the project, according to an ad-hoc-news report citing La Nueva Espana.
What has changed since our last report
The permit adds a concrete construction milestone to the Aviles investment. Saint-Gobain is developing the replacement furnace with AGC Glass Europe and expects it to enter service in the second half of 2027, extending the strategic outlook for the La Maruca plant.
The existing furnace is scheduled to stop production on Monday, November 16. It is due to be emptied the previous day so recyclable glass can be recovered before cooling, dismantling and replacement. Cleanup and dismantling are expected to continue until Christmas.
Execution and pricing remain key
The project is designed to reduce carbon dioxide emissions and shift the site toward higher-value products such as laminated and coated glass. During the shutdown, Saint-Gobain plans to intensify commercial activity and temporarily move Climalit Partners customers toward the lower-emission Orae range supplied by other European plants.
Chinese imports remain a risk for the local earnings profile. Management reportedly told employee representatives that some Chinese glass sells at less than half the local price, increasing the importance of product quality, service and margin discipline during the conversion.
Saint-Gobain stock traded at 75.89 euros on Lang & Schwarz at 17:38 CET on Thursday, November 12, 0.17 percent below the Xetra close of 76.02 euros on Thursday, November 12.
Saint-Gobain share and project facts
- Company: Compagnie de Saint-Gobain S.A.
- ISIN: FR0000125007
- German ticker: GOB.DE
- Lang & Schwarz quote: 75.89 euros at 17:38 CET on November 12, 2026
- Xetra close: 76.02 euros on November 12, 2026
- Project: FurHya hybrid highly electrified flat-glass furnace in Aviles
- Planned start-up: Second half of 2027
European construction demand, Chinese import pressure and the execution of the Aviles conversion are key operating themes for the Euro Stoxx 50 market environment.
