Gypsum industry news
Indonesia: Saint-Gobain is strengthening its presence in Indonesia by increasing its interest from 51% to 100% in PT Cipta Mortar Utama, which specialises in plastering mortars, masonry mortars, tile fixing and façade renders, according to Dow Jones. The company is one of Indonesia's leading manufacturer of industrial mortars with estimated sales of over US$55m in 2015. This acquisition bolsters Saint-Gobain's position in Indonesia, where it is also present in abrasives, plastics and wallboard.
Saint-Gobain enters Tanzanian gypsum market 28 July 2015
Tanzania: Saint-Gobain has finalised a deal to form a joint venture in which it owns 50% of the capital of Lodhia Gypsum Industries based in Arusha, Northern Tanzania, according to the National Iraqi News Agency. Lodhia Gypsum Industries makes and sells wallboard in Tanzania, Kenya and neighbouring countries.