Saint-Gobain and Central Glass set up a joint venture in Indonesia to manufacture and distribute automotive glass

Date: 9 September 2014

Saint-Gobain and Central Glass Co., Ltd. have just signed an agreement to create a joint venture in Indonesia that will specialize in automotive glass.

Each group will have a 50-percent stake in the new company.  A plant will be built east of Jakarta to meet the Indonesian automotive market’s rapid growth. The new facility is scheduled to come on stream in 2016 and will have an annual production capacity of 500,000 windshields.

The agreement is subject to the approval of the anti-trust authorities.

Saint-Gobain and Central Glass have been working jointly in the field of automotive glass since 2002 in Japan, and 2012 in China.

The investment in Indonesia marks a milestone for Saint-Gobain’s growth strategy in Asia and emerging countries.

About Saint-Gobain

Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building and high-performance materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of €42 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com or download the new “Saint-Gobain Shareholder” application for tablet and smartphone.

600450 Saint-Gobain and Central Glass set up a joint venture in Indonesia to manufacture and distribute automotive glass glassonweb.com

See more news about:

Others also read

Saint-Gobain Glass has been named the winner of the ‘Sustainability initiative of the Year’ category at the prestigious G24 awards.
Glass for Europe, FEVE, FERVER, and Kuraray co-publish a joint statement to support the mandatory dismantling of automotive glass in the future EU End-of-Life Vehicles Regulation (ELVR).
Saint-Gobain’s Board of Directors proposes the renewal of Benoit Bazin’s mandate and the appointment of three new independent Directors
Eastman Chemical Company announced it is making an investment to upgrade and expand its extrusion capability for production of Interlayers product lines at its manufacturing facility in Ghent, Belgium.
The Fenzi Group is proud to showcase a legacy of innovation and quality, with advanced technologies that address market demands for high-performance and sustainable glass solutions.

Add new comment

From industry

İçmeler Mah. D-100 Karayolu Cad. No:44A,
34947 Tuzla,/İstanbul
Turkey

NEWS RELATED PRODUCTS

Kuraray Europe GmbH
Glaston Corporation
Guardian Glass North America
SAINT-GOBAIN GLASS