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Compagnie St-Gobain (COD)

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Monday 15 November, 2021

Compagnie St-Gobain

Acquisition

RNS Number : 3652S
Compagnie de Saint-Gobain
15 November 2021
 

PRESS RELEASE

 

November 15, 2021

 

 

SAINT-GOBAIN expands african footprint

in kenya and mauritius

 

 

Saint-Gobain has acquired a gypsum plant in Nairobi, Kenya. This will be Saint-Gobain's first production site in Kenya, where it will also invest in a construction chemicals production line on the same site.

 

Saint-Gobain has also acquired a majority stake in a.b.e.® Mauritius, a leading producer - and a licensee of Chryso - of technical mortars, additives and waterproofing products in Mauritius.

 

These acquisitions are fully in line with the "Grow & Impact" plan unveiled at the beginning of October. They will strengthen the Group's presence in Africa and accelerate its growth in the region by enriching its range of solutions for light and sustainable construction. Saint-Gobain's expanded industrial footprint in Africa now extends to 12 countries with 29 industrial sites - of which 9 new plants were opened over the last 2 years. 

 

 

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

 

€38.1 billion in sales in 2020

More than 167,000 employees, located in 72 countries

Committed to achieving Carbon Neutrality by 2050

 

For more information about Saint-Gobain

visit www.saint-gobain.com and follow us on Twitter @saintgobain

 

 

 

Analyst/Investor relations

 

 

Press relations

Vivien Dardel

Floriana Michalowska

Christelle Gannage

 +33 1 88 54 29 77

 +33 1 88 54 19 09

 +33 1 88 54 15 49

Patricia Marie

Bénédicte Debusschere

Susanne Trabitzsch

  +33 1 88 54 26 83

  +33 1 88 54 14 75 

  +33 1 88 54 27 96

 

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