Compagnie de Saint-Gobain JV Saint-Gobain Central Glass in Indonesia (9376Q)
September 05 2014 - 3:01AM
UK Regulatory
TIDMCOD
RNS Number : 9376Q
Compagnie de Saint-Gobain
05 September 2014
September 5, 2014
Saint-Gobain and Central Glass set up a joint venture in
Indonesia
to manufacture and distribute automotive glass
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 EUR42 billion, Saint-Gobain operates
in 64 countries and has nearly 190,000 employees. For more
information about Saint-Gobain, please visit www.saint-gobain.comor
download the new "Saint-Gobain Shareholder" application for tablet
and smartphone.
Analyst/Investor Relations Media Relations
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