PARIS, June 1, 2015 /PRNewswire/ --
The Saint-Gobain Group is reinforcing its presence in
Vietnam by increasing its
shareholding in Vinh Tuong Industrial Corp. (VTI) from 14.8% to
over 57%.
VTI is one of the main players in the construction products
market in Vietnam with estimated
sales of €100 million in 2015 and strong growth over the past few
years. A leader in the manufacture of wall solutions (three
production plants) and in the distribution of plasterboard in a
fast-growing Vietnamese market, VTI's business benefits from
changes in building techniques to incorporate more high value-added
products.
This transaction reinforces the presence of Saint-Gobain in
Vietnam, where it already operates
a plasterboard plant, and is fully in line with the Group's
strategy of expansion in fast-growing markets.
ABOUT SAINT-GOBAIN
In 2015, Saint-Gobain is celebrating its 350th
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 €41 billion, Saint-Gobain operates in 64 countries and has
over 180,000 employees. For more information about Saint-Gobain,
visit http://www.saint-gobain.com and the twitter account
@saintgobain or download the "Saint-Gobain Shareholder" application
for tablet and smartphone.
Analyst/Investor Relations
Gaetano Terrasini +33-1-47-62-32-52
Vivien Dardel +33-1-47-62-44-29
Marine Huet +33-1-47-62-30-93
Media Relations
Sophie Chevallon +33-1-47-62-30-48
Susanne Trabitzsch +33-1-47-62-43-25
SOURCE Saint-Gobain