Saint-Gobain and Central Glass Co Ltd have signed an agreement to set up a joint venture in Indonesia that will specialize in automotive glass.
22 Sep 2014 | 3423 Views | By Autocar Pro News Desk
Saint-Gobain and Central Glass Co Ltd have signed an agreement to set up a joint venture in Indonesia that will specialize in automotive glass. Each group will have a 50-percent stake in the new company. The investment in Indonesia is part of Saint-Gobain’s growth strategy in Asia and emerging countries.
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Saint-Gobain and Central Glass Co Ltd have signed an agreement to set up a joint venture in Indonesia that will specialize in automotive glass. Each group will have a 50-percent stake in the new company. The investment in Indonesia is part of Saint-Gobain’s growth strategy in Asia and emerging countries.
A plant will be built east of Jakarta to meet the Indonesian automotive market’s rapid growth. The new facility is scheduled to come on stream in 2016 and will have an annual production capacity of 500,000 windshields. The agreement is subject to the approval of the anti-trust authorities.
Saint-Gobain and Central Glass have been working jointly in the field of automotive glass since 2002 in Japan, and 2012 in China.
Photograph: Indonesia-market Chevrolet Aveo used only for representational purpose.