Acquisition

RNS Number : 8587O

Compagnie de Saint-Gobain

01 June 2015

 



Paris, June 1, 2015

Saint-Gobain reinforces its Gypsum business in Vietnam

The Saint-Gobain Group is reinforcing its presence in Vietnam by increasing its shareholding in Vinh Tuong Industrial Corp. (VTI) from 14.8% to over 57%.

VTI is one of the main players in the construction products market in Vietnam with estimated sales of €100 million in 2015 and strong growth over the past few years. A leader in the manufacture of wall solutions (three production plants) and in the distribution of plasterboard in a fast-growing Vietnamese market, VTI's business benefits from changes in building techniques to incorporate more high value-added products.

This transaction reinforces the presence of Saint-Gobain in Vietnam, where it already operates a plasterboard plant, and is fully in line with the Group's strategy of expansion in fast-growing markets.

ABOUT SAINT-GOBAIN

In 2015, Saint-Gobain is celebrating its 350^th anniversary, 350 reasons to believe in the future. Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €41 billion, Saint-Gobain operates in 64 countries and has over 180,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.comand the twitter account @saintgobainor download the "Saint-Gobain Shareholder" application for tablet and smartphone.

Analyst/Investor Relations		Media Relations
Gaetano Terrasini Vivien Dardel Marine Huet	[phone] [phone] [phone]	Sophie Chevallon Susanne Trabitzsch	[phone] [phone]

 

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