Saint-Gobain will hold a minority interest in the first instance. Based in Accra (capital of Ghana), this joint venture will manufacture industrial mortars and commercialise them in Ghana.
This transaction allows Saint-Gobain to gain a foothold in West Africa, a region that has been experiencing a dynamic growth for several years, especially in the construction market. It also strengthens its ability to meet strong local demand in Sub-Saharan Africa where SaintGobain Weber is already present in South Africa. It supports Saint-Gobain Group’s strategy to develop in this high-potential region.
In 2015, Saint-Gobain is celebrating its 350th 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.com and the twitter account @saintgobain or download the “Saint-Gobain Shareholder” application for tablet and smartphone.