Saint-Gobain has announced that it has signed an agreement with Central Glass to create a 50-50 joint venture in Indonesia. A plant will be built and is expected to come on stream in 2016 with a production capacity of 500,000 windshields per year.
Building materials maker Saint-Gobain and Central Glass Co., Ltd. have signed an agreement to create a 50-50 joint venture in Indonesia specializing in automotive glass.
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 a production capacity of 500,000 windshields per year. The two companies have been working jointly in the field of automotive glass since 2002 in Japan, and 2012 in China. Saint-Gobain said the investment in Indonesia marks a milestone for its growth strategy in Asia and emerging countries.