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An update from Compagnie de Saint Gobain ( (FR:SGO) ) is now available.
Saint-Gobain has strengthened its position in Indonesia’s construction chemicals market by forming a joint venture with Indocement Tunggal Prakarsa to acquire Indocement’s mortars business, which operates three production lines under the Tiga Roda brand and generated an estimated €20 million in sales in 2025. The joint venture, 60% owned by Saint-Gobain and 40% by Indocement, will combine Tiga Roda’s strong presence in white skim coat finishing products with Saint-Gobain’s leading mortars business Cipta Mortar Utama, its network of 8 mortars production lines and 30,000 points of sale, and its broader GCP and FOSROC construction chemicals portfolio to accelerate growth in Indonesia’s promising mortars market, reinforcing the group’s “Lead & Grow” strategy and expanding its footprint in high‑growth construction chemicals globally.
More about Compagnie de Saint Gobain
Saint-Gobain is a worldwide leader in light and sustainable construction, designing, manufacturing and distributing materials and services for construction and industrial markets. With integrated solutions for building renovation, light construction and the decarbonization of construction and industry, the group operates in 80 countries with over 161,000 employees, generated €46.6 billion in sales in 2024, and is committed to achieving net zero carbon emissions by 2050.
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