Saint-Gobain has taken a major step to strengthen its presence in Indonesia’s construction chemicals market.
The global leader in light and sustainable construction recently formed a joint venture with a subsidiary of Indocement Tunggal Prakarsa, a publicly traded cement company 53% owned by Heidelberg Materials, to acquire Indocement’s mortars business in Indonesia. The JV will be 60% owned by Saint-Gobain and 40% by Indocement Tunggal Prakarsa.
Indocement’s mortars business, operating under the Tiga Roda brand, is a well-established player in Indonesia with three production lines and estimated sales of close to €20 million in 2025.
“Tiga Roda is a leading brand in white skim coat for finishing and is very complementary to Saint-Gobain’s existing mortars business, Cipta Mortar Utama (CMU), both in product categories and geographic reach, strengthening customer intimacy across Indonesia,” the company said.
Saint-Gobain has been active in Indonesia since 1995, operating 14 production lines and employing around 1,300 people. Its local subsidiary, CMU, is a market leader with eight mortars production lines, a wide product portfolio, and nearly 30,000 points of sale.
CMU also benefits from Saint-Gobain’s broader footprint in construction chemicals through GCP (concrete admixtures and cement additives) and FOSROC (cement additives, resin flooring, and technical mortars) brands.
The new JV aims to combine the strengths of CMU and Indocement to accelerate growth in Indonesia’s promising mortars market.
“This acquisition is part of Saint-Gobain’s strategy to further strengthen its business profile, in line with its ‘Lead & Grow’ plan,” the company said. “It enhances Saint-Gobain’s presence in the high-growth Indonesian market and is fully aligned with the Group’s strategy to strengthen its worldwide presence in construction chemicals.”
