TIDMCOD
RNS Number : 2804U
Compagnie de Saint-Gobain
28 July 2015
July 28, 2015
Saint-Gobain strengthens its presence in Indonesia
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
EUR50 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 350(th) 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 EUR41 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.
Analyst/Investor relations Press relations
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