Commencement of Discussions Concerning Entering into Automotive Glass Business in Indonesia

Central Glass Co., Ltd. and Saint-Gobain (French multinational) have begun discussions on entering into a partnership for the automotive glass business in Indonesia.

Its aim is to establish a joint venture company in Indonesia by Central Glass Co., Ltd. and Saint-Gobain for the production and distribution of automotive glasses to the Indonesian vehicles manufacturers, and to contribute to the development of promising automotive industries and automobile manufacturers in Indonesia.Production is expected to begin in 2016 in the first phase and future expansion phases are being considered to cope with the increasing local market needs.Furthermore, Central Glass Co., Ltd. and Saint-Gobain will continue to strengthen our automotive glass business and our strategic partnership.Central Glass Co., Ltd. and Saint-Gobain (French multinational) have begun discussions on entering into a partnership for the automotive glass business in Indonesia.  

Its aim is to establish a joint venture company in Indonesia by Central Glass Co., Ltd. and Saint-Gobain for the production and distribution of automotive glasses to the Indonesian vehicles manufacturers, and to contribute to the development of promising automotive industries and automobile manufacturers in Indonesia.

Production is expected to begin in 2016 in the first phase and future expansion phases are being considered to cope with the increasing local market needs.

Furthermore, Central Glass Co., Ltd. and Saint-Gobain will continue to strengthen our automotive glass business and our strategic partnership.

600450 Commencement of Discussions Concerning Entering into Automotive Glass Business in Indonesia glassonweb.com
Date: 4 June 2014
Source: www.cgc-jp.com

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