REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

05/01/2026 07:20

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RNS Number : 6254N  Compagnie de Saint-Gobain  05 January 2026

Saint-Gobain strengthens its presence

in construction chemicals in Indonesia

 

On December 30, 2025 Saint-Gobain formed a JV with a subsidiary of Indocement
Tunggal Prakarsa (a publicly traded Indonesian cement company 53% owned by
Heidelberg Materials) to acquire Indocement's mortars business in Indonesia.
The JV will be 60% held by Saint-Gobain with the remaining 40% held by
Indocement Tunggall Prakarsa.

 

Indocement's mortars business is well-established in Indonesia with three
production lines under the Tiga Roda brand and estimated sales of close to
€20 million in 2025. Tiga Roda is a leading brand in white skim coat for
finishing and is very complementary to Saint-Gobain's existing mortars
business, Cipta Mortar Utama (CMU), both in product categories and geographic
reach, strengthening customer intimacy across Indonesia.

 

Saint-Gobain has been present in Indonesia since 1995 and currently operates
14 production lines and employs around 1,300 people in the country. CMU is the
leading player on the Indonesian market, thanks to 8 mortars production lines
across the country, a comprehensive product portfolio and a network of close
to 30,000 points of sale. CMU also benefits from Saint-Gobain's large presence
across construction chemicals in Indonesia, thanks to its GCP (concrete
admixtures and cement additives) and FOSROC (cement additives, resin flooring
and technical mortars) brands.

 

The newly formed JV will leverage the strengths of Saint-Gobain's CMU, as well
as those of Indocement, a leading cement manufacturer in Indonesia, to
accelerate growth on the promising mortars market.

 

This acquisition is part of Saint-Gobain's strategy to further strengthen its
business profile, in line with its "Lead & Grow" plan. It enhances
Saint-Gobain's presence in the high-growth Indonesian market and is fully
aligned with the Group's strategy to strengthen its worldwide presence in
construction chemicals.

 

 

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, celebrating its 360(th) anniversary
in 2025, remains more committed than ever to its purpose "MAKING THE WORLD A
BETTER HOME".

 

€46.6 billion in sales in 2024

More than 161,000 employees, locations in 80 countries

Committed to achieving net zero carbon emissions by 2050

 

For more information about Saint-Gobain, visit www.saint-gobain.com
(http://www.saint-gobain.com/) and follow us on X @saintgobain
(https://twitter.com/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  Laure Bencheikh:   +33 1 88 54 26 38
 Karim Safsaf:          +33 1 88 54 00 60  Yanice Biyogo:                         +33 1 88 54 27 96
 James Weston:          +33 1 88 54 01 24

 

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