PARIS (yOSEFARDI) – 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, prnewswire.com reported.
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.