StockMarketWire.com - Compagnie de Saint-Gobain, through its industrial mortars activity (Saint-Gobain Weber), has created a joint venture in Ghana with local partners.

Saint-Gobain will hold a minority interest in the first instance. Based in Accra, this joint venture will manufacture industrial mortars and commercialise them in Ghana. This transaction allows Saint-Gobain to gain a foothold in West Africa, a region that has been experiencing a dynamic growth for several years, especially in the construction market.

It also strengthens its ability to meet strong local demand in Sub-Saharan Africa where Saint-Gobain Weber is already present in South Africa. It supports Saint-Gobain Group's strategy to develop in this high-potential region.




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