Saint-Gobain (LSE:SGO) has expanded its footprint in Indonesia’s construction chemicals market by establishing a joint venture with Indocement Tunggal Prakarsa to acquire Indocement’s mortars operations. The acquired business runs three production lines under the Tiga Roda brand and is estimated to have generated around €20 million in revenue in 2025.
Under the agreement, the joint venture is owned 60% by Saint-Gobain and 40% by Indocement. The combination brings together Tiga Roda’s established position in white skim coat finishing products with Saint-Gobain’s existing Indonesian mortars platform, Cipta Mortar Utama, which operates eight production lines and reaches roughly 30,000 points of sale. The partnership will also benefit from Saint-Gobain’s broader GCP and FOSROC construction chemicals portfolio, supporting faster growth in what the group views as a high-potential Indonesian mortars market. The move aligns with Saint-Gobain’s “Lead & Grow” strategy and further strengthens its exposure to fast-growing construction chemicals segments globally.
More about Compagnie de Saint Gobain
Compagnie de Saint Gobain is a global leader in light and sustainable construction, designing, manufacturing and distributing materials and services for construction and industrial applications. The group offers integrated solutions for building renovation, light construction and the decarbonisation of construction and industry. Operating in 80 countries with more than 161,000 employees, Saint-Gobain reported sales of €46.6 billion in 2024 and has committed to achieving net zero carbon emissions by 2050.
Leave a Reply