Saint-Gobain Is Setting Up In Vietnam

Date: 10 November 2007

Saint-Gobain Gypsum (Construction Products Sector of Saint-Gobain) announces the acquisition of all the stockholder’s equity of the Vietnamese company Vinh Tuong Joint Venture, created at the beginning of 2007 and owned by Vinh Tuong Corporation, Universal Cement (Taiwan) and Compact Resources (Singapore).

The company, Vinh Tuong Joint Venture, has a manufacturing plant located near Ho Chi Minh City which can produce up to 9 million square meters of plasterboard.

It currently employs 84 employees.

Vietnam benefits from the high growth of the building market, and particularly of the plasterboard market whose use has been recently introduced in this country.

This acquisition will enable Saint-Gobain Gypsum – which has been exporting to Vietnam via its Thai company for more than 10 years – to consolidate its strong position in the Vietnamese market and to enhance customer service. Moreover, it constitutes the first industrial site of the Group in Vietnam, and for this reason, represents a platform for development of other activities of the Group, in particular within the Construction Products Sector.

This acquisition is in line with the strategy to develop the Construction Products Sector in emerging countries. During the last twelve months, companies within the Sector have invested in Colombia (acquisition of FiberGlass in insulation), in the United Arab Emirates (construction of a plasterboard plant in Abu Dhabi), in Argentina (acquisition of Iggam specializing in industrial mortars and plaster), in South Africa (Owens Corning South Africa in insulation – TAC and Tylon leading manufacturers of industrial mortars) and in Turkey (acquisition of Izocam in insulation and a mortar production plant in Ankara).

600450 Saint-Gobain Is Setting Up In Vietnam glassonweb.com

See more news about:

Others also read

Saint-Gobain is delighted to announce a collaborative venture with Lendlease, aimed at facilitating the deployment of cutting-edge Saint-Gobain Glass solutions to pave the way for more sustainable projects.
Christian BAKO is appointed Vice-President Marketing & Development.
Saint-Gobain has completed the sale of its glass processing business Glassolutions in Slovakia, to “Glasora a.s.”.
Discover a highly informative video that effectively addresses the challenges of decarbonizing the flat glass industry.
Saint-Gobain has signed a binding agreement for the sale of COVIPOR, its glass processing business in Portugal, to PNI Portugal & Permanente SA.
Saint-Gobain India launches the first production of a new glass with a low carbon footprint.

Add new comment

From industry