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Saint-Gobain to Buy Mortars Business in Indonesia with Local JV

MT Newswires·01/05/2026 02:22:34
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02:22 AM EST, 01/05/2026 (MT Newswires) -- Compagnie de Saint-Gobain (SGO.PA, COD.L, GOB.SW) said Monday it agreed to buy the mortars business in Indonesia of Heidelberg Materials' 53%-owned cement company Indocement Tunggal Prakarsa. The European building materials company is purchasing the business through a newly formed joint venture with Indocement. Saint-Gobain will hold 60% of the joint venture, while Indocement will own the remaining 40%. Saint-Gobain said the transaction will fortify its business profile and construction chemicals operations worldwide.