Indonesia: France-based Saint-Gobain has acquired a 60% stake in the mortars business of Heidelberg Materials’ local cement subsidiary, Indocement Tunggal Prakarsa. The business consists of three production lines which produce Tiga Roda brand mortars, with sales of €20m in 2025. It will continue to operate as a joint venture between Saint-Gobain and Indocement Tunggal Prakarsa, which will retain the outstanding 40% share.

Saint-Gobain runs 14 production lines, including eight mortars lines, in Indonesia, where it has operated since 1995. It sells mortars under the Cipta Mortar Utama brand.

acquisition Indonesia Heidelberg Materials mortar joint venture Saint-Gobain Indocement Tunggal Prakarsa