Acquisition

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

 

 

 

Analyst/Investor relations

 

Press relations

 

Gaetano Terrasini

Vivien Dardel

Marine Huet

 

+33 1 47 62 32 52

+33 1 47 62 44 29

+33 1 47 62 30 93

 

 

Sophie Chevallon Susanne Trabitzsch

 

+33 1 47 62 30 48

+33 1 47 62 43 25

 

 


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