Saint-Gobain Strengthens its Presence in Indonesia

Jul 28, 2015, 03:14 ET from Saint-Gobain

PARIS, July 28, 2015 /PRNewswire/ --

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-GOBAIN  

In 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 http://www.saint-gobain.com, the twitter account @saintgobain, or the Saint-Gobain Shareholder app for tablets and smartphones.

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