Compagnie de Saint-Gobain Re Joint Venture (5636T)
July 20 2015 - 12:02PM
UK Regulatory
TIDMCOD
RNS Number : 5636T
Compagnie de Saint-Gobain
20 July 2015
July 20, 2015
Saint-Gobain creates a joint venture in Tanzania
Saint-Gobain has finalized an agreement creating a joint-venture
in which it owns 50% of the capital of Lodhia Gypsum Industries
based in Arusha, Tanzania, situated on the border with Kenya.
Lodhia Gypsum Industries manufactures and sells plasterboard in
Tanzania, Kenya and neighboring countries. The company has 90
employees and a plant in Arusha. It allows Saint-Gobain to affirm
its leadership in the plasterboard market in East Africa.
This transaction is fully in line with Saint-Gobain's strategy
of developing its presence in Sub-Saharan Africa where the Group is
already present in South Africa.
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 and the twitter account
@saintgobain or download the "Saint-Gobain Shareholder" application
for tablet and smartphone.
Analyst/Investor Relations Media Relations
----------------------------------------- ------------------------------------------------------------
+33 1 47 62 32
52 +33 1 47 62
Gaetano Terrasini +33 1 47 62 44 30 48
Vivien Dardel 29 +33 1 47 62 Sophie Chevallon +33 1 47 62
Marine Huet 30 93 Susanne Trabitzsch 43 25
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