REG - Compagnie St-Gobain - Agreement

Compagnie de Saint Gobain SAAnnouncement

25/04/2022 07:15

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RNS Number : 1705J  Compagnie de Saint-Gobain  25 April 2022

PRESS RELEASE

 

 

April 25, 2022

 

 

SAINT-GOBAIN and DALSAN enter into a

JOint-VENTURE AGREEMENT IN TURKeY

 

 

Saint-Gobain and the Turkish group Dalsan announce that they have entered into
a joint-venture agreement pursuant to which they will merge their plaster and
plasterboard activities in Turkey.

 

Together, Saint-Gobain Rigips and Dalsan Alçi generated revenues in excess of
€100 million in 2021. They will benefit from a leadership position with an
annual production capacity of 100 million square meters for plasterboard, 2
million tons for plaster and 50 million meters for metal profiles, following
the completion of a capital expenditure project at the new plant in Turgutlu
(Manisa) in 2023.

 

Thanks to its combined know-how and an enlarged production capacity of
plasterboard and plaster, this partnership will offer Turkish customers access
to the most innovative and complete portfolio of light and sustainable
solutions for the construction and renovation of the building envelope as well
as internal partitioning. Saint-Gobain and Dalsan will also benefit from an
optimized modern industrial footprint ready to serve local developers as well
as export clients in neighboring countries.

 

Present in Turkey since 1998, Saint-Gobain is currently operating 17 plants
across the country and holds leadership positions in insulation, gypsum and
construction chemicals. Saint-Gobain currently employs around 1,300 people in
Turkey.

 

This transaction is fully in line with Saint-Gobain's "Grow & Impact"
plan. It will strengthen the Group's presence and accelerate its growth in the
region.

 

Closing of the transaction is subject to antitrust approvals and other
customary closing conditions that are expected to be completed by the end of
the year.

 

 

ABOUT DALSAN

Established in 1932, Dalsan is a leading manufacturer in Turkey and a major
player for export with its comprehensive range of innovative and high
performance solutions including plasters, mortars with silo system,
plasterboards, exterior sheathing boards, flooring, roofing and steel framing.
Dalsan is currently operating 2 plants in Gebze and Ankara and has an ongoing
investment in Manisa Turgutlu that will bring extra capacity and geographical
advantage following its completion in 2023. Leading the sector with its
innovations, Dalsan Alçı makes a difference for construction solutions from
floor to roof and wall to wall.

 

 

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs,
manufactures and distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of public and
private buildings, light construction and the decarbonization of construction
and industry are developed through a continuous innovation process and provide
sustainability and performance. The Group's commitment is guided by its
purpose, "MAKING THE WORLD A BETTER HOME".

 

€44.2 billion in sales in 2021

166,000 employees, located in 75 countries

Committed to achieving Carbon Neutrality by 2050

 

For more information about Saint-Gobain,

visit www.saint-gobain.com (http://www.saint-gobain.com) and follow us on
Twitter @saintgobain

 

 

 Analyst/Investor relations                   Press relations

 Vivien Dardel           +33 1 88 54 29 77    Patricia Marie         +33 1 88 54 26 83

 Floriana Michalowska    +33 1 88 54 19 09    Susanne Trabitzsch     +33 1 88 54 27 96

 Christelle Gannage      +33 1 88 54 15 49

 Alix Sicaud             +33 1 88 54 38 70

 

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