European building materials supplier Saint-Gobain and Central Glass Co. Ltd., a glass and chemical products manufacturer, have agreed to create a joint venture in Indonesia that will specialize in production and distribution of automotive glass. Each group will have a 50-percent 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 begin production in 2016 and will have an annual output capacity of 500,000 windshields.
Saint-Gobain and Central Glass have been working jointly in the field of automotive glass since 2002 in Japan, and 2012 in China.
The investment in Indonesia marks a milestone for Saint-Gobain’s growth strategy in Asia and emerging countries.