Saint-Gobain strengthens its presence in Indonesia

Date: 29 July 2015

Saint-Gobain is strengthening its presence in Indonesia by increasing its interest from 51% to 100% in PT Cipta Mortar Utama, which specializes in plastering mortars, masonry mortars, tile fixing and facade renders.

The company is Indonesia’s leading manufacturer of industrial mortars with estimated sales of over €50 million in 2015.This acquisition bolsters Saint-Gobain’s position in Indonesia, where it is also present in abrasives, plastics and plasterboard, and is a perfect fit with the Group’s strategy of developing on fast-growing markets.ABOUT SAINT-GOBAINIn 2015, Saint-Gobain is celebrating its 350th anniversary, 350 reasons to believe in the future.Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €41 billion, Saint-Gobain operates in 64 countries and has over 180,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.com, the twitter account @saintgobain, or the Saint-Gobain Shareholder app for tablets and smartphones.

600450 Saint-Gobain strengthens its presence in Indonesia 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.
Saint-Gobain’s Board of Directors proposes the renewal of Benoit Bazin’s mandate and the appointment of three new independent Directors
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.
From Green Field to one of the Industry Leaders in New Zealand
Saint-Gobain Glass is excited to introduce INSIO®, the latest innovation in its product portfolio.
Schneider Electric and Saint-Gobain have joined forces to deploy the first-of-its kind software-defined automation system for glass production.

Add new comment

From industry