Saint-Gobain & Indocement create JV for Indonesia mortars unit
Saint-Gobain fashioned a JV with a subsidiary of Indocement Tunggal Prakarsa (a publicly traded Indonesian cement firm 53% owned by Heidelberg Materials) to amass Indocement’s mortars enterprise in Indonesia. The JV will likely be 60% held by Saint-Gobain with the remaining 40% held by Indocement Tunggall Prakarsa. Indocement’s mortars enterprise is well-established in Indonesia with three…















