StockMarketWire.com - Compagnie de Saint-Gobain is reinforcing its presence in Vietnam by increasing its shareholding in Vinh Tuong Industrial Corp from 14.8% to over 57%.

VTI is one of the main players in the construction products market in Vietnam with estimated sales of €100m in 2015 and strong growth over the past few years.

A leader in the manufacture of wall solutions (three production plants) and in the distribution of plasterboard in a fast-growing Vietnamese market, VTI's business benefits from changes in building techniques to incorporate more high value-added products. Saint-Gobain says this transaction reinforces its presence in Vietnam, where it already operates a plasterboard plant, and is fully in line with the group's strategy of expansion in fast-growing markets.




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