Saint-Gobain And Central Glass Set Up Joint Venture In Indonesia

Saint-Gobain and Central Glass have signed an agreement to create an joint venture in Indonesia that will specialise in automotive glass. Each group will have a 50% stake in the new company. A plant will be built east of Jakarta to meet the Indonesian automotive market's rapid growth. The new facility is scheduled to commence production 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 together in the field of automotive glass since 2002 in Japan, and 2012 in China.