PARIS, September 5, 2014 /PRNewswire/ --
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 €42 billion,
Saint-Gobain operates in 64 countries and has nearly 190,000
employees. For more information about Saint-Gobain, please
visit http://www.saint-gobain.com or
download the new "Saint-Gobain
Shareholder" application for tablet and
smartphone.
Analyst/Investor 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
Media Relations
Sophie Chevallon Susanne Trabitzsch
+33-1-47-62-30-48
+33-1-47-62-43-25
SOURCE Saint-Gobain